According to data from the China Association of Automobile Manufacturers, in the first half of 2015, China's automobile production increased by 2.64% year-on-year. Although domestic market growth slows down, domestic cars are still the “fragrance†in the eyes of component multinationals, and play an important role in improving their performance. Then, in the first half of 2015, how did the performance of multinational companies in the Chinese market?
In the first half of 2015, Michelin's car and light truck tire business achieved good results in the Chinese market. In terms of cars and light truck tires, in the original tire market in Asia (except India), the overall demand remained stable in the first six months of 2015. Despite the slowdown in June, the Chinese market generally grew by 5% in the first half of the year. Among them, the demand for car tires declined, while the SUV tires continued to grow. The demand for replacement tires in Asia (except India) shrank slightly by 1% in the first half of the year, but its momentum in the Chinese market continued to grow, with a 9% increase in the first half.
In addition, although SKF did not disclose specific data in the Chinese market in the first half of the financial report, its financial report shows that in the first half of 2015, SKF industrial product sales increased in China's energy business; in the automotive business, It has greatly improved its sales of automobiles, light trucks and new business developments in heavy truck parts. In particular, it has significantly improved cooperation with local Chinese customers such as Great Wall and Geely. However, the financial report also pointed out that given the uncertainties in the Chinese market, there are still many uncertainties. Therefore, the development of SKF in China in the second half of the year still needs special attention.
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