Beijing is trying to pump new life into an old plan to consolidate China’s automotive industry into larger units, with the goal of 10% growth in production and sales in the next three years. The China Association of Automobile Manufacturers says government policymakers want to reduce the number of major auto makers to 10 from 14 and increase the market share of domestic brands to 40%. The domestic Big Three according to size – Shanghai Automotive Industry Group, First Auto Works and ...
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