China remains most important pillar of global car industry: report


  • World
  • Thursday, 24 Dec 2020

BERLIN, Dec. 23 (Xinhua) -- The Chinese market once again proved to be the "most important pillar" of the global automotive industry and of German manufacturers in particular, according to a report published by global consulting firm Ernst & Young (EY) on Wednesday.

China's share of global sales by German carmakers in the third quarter (Q3) climbed from 35.7 percent to 39.2 percent year-on-year, according to EY. During the first COVID-19 wave in the second quarter, 51 percent of all new cars by German carmakers were sold to customers in China.

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