Even though only in the nascent stage,” the Electric Car market has gained the interest of leaders worldwide, and is one of the most promising global, up-and-coming industries (Electric Cars). Members of Germany’s Quandt family members have a important stake in BMW +.82% AG. The Chung family members runs the Hyundai Motor Group +.97% in Korea and Volkswagen AG +1.35% Chairman Ferdinand PiÃ«ch is a grandson of Ferdinand Porsche, founder of the German sports auto organization that bears his name and a important architect of the original Volkswagen Beetle.
Daimler AG holds a 20% stake in Eicher Motors , a ten.% stake in KAMAZ , an 89.29% stake in Mitsubishi Fuso Truck and Bus Corporation , a six.75% stake in Tata Motors and a three.1% in the Renault-Nissan Alliance , a 12% stake in Beijing Automotive Group, and an 85% stake in Master Motors Daimler and BYD Auto have a joint venture referred to as Denza , each firms hold a 50-50% stake.
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Chinese auto sales have jumped by 18% in the month of February, which has prompted an increase in hope for the Chinese auto market Global auto market place analysts underestimated the amount of passenger vehicle sales that China made last month and have continued to adjust their speculation for the remainder of the year in light of the market’s strength so far this year.
International brands like Toyota and Ford have continued to execute nicely in the Chinese auto industry and familiar Japanese brands like Honda and Nissan are also seeing resurgence in interest after a slight geopolitical dispute markedly slowed down auto deliveries from Japan depressed sales of Japanese vehicles in China had been an additional side effect.