China Exports Autos to Russia, Imports U.S. Cars to Shanghai
According to an article in the International Business Times, it's pedal to the metal for the Chinese auto industry. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products predicts auto exports will grow by nearly 50 percent in ‘07. So far this year, China has exported 241k vehicles valued at $2.7b. The majority headed to their former fellow communist partners in Russia, followed by Boratville (Kazakhstan) and Iran. What's more (literally), the average price per exported vehicle ascended to $11,200, up 23 percent from '06. Meanwhile, Motor Trend reports that Shanghai longshoremen have unloaded a shipload of 3k Ohio-built Acura TLs, slated for September sale. The U.S. strikes first blood, but don't expect the balance of trade to remain skewed in this direction for long. No sir.
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Anyone know where to find more exact information on US car exports to China? I know Cadillac has been exporting a few models...I believe the CTS/STS in knock-down kits, but the other models fully assembled. Chrysler may have been exporting the 300...otherwise I haven't heard of much...
Even the Chinese farmers are smart enough to buy from Honda. LOL.
What's interesting is that China uses left hand drive cars too. None of that having to put the steering wheel on the other side of the car nonsense for export.