Report
John Hu
EUR 101.80 For Business Accounts Only

China's Auto Market Saw Modest Growth in 2017; Private Labels Rise at the Expense of French Brands

The domestic passenger vehicle market posted modest growth in 2017, with overall sales volume rising 1.4% year on year to 24.7 million units, broadly in line with our expectations. Domestic brands continue to gain market share amid ongoing product upgrades, while the trend of diverging performance among different joint-venture brands remains unchanged. In our view, the latest industry developments favor Great Wall Motors, or GWM, which has made steady inroads into the higher-value added product ...
Underlying
Great Wall Motor Co. Ltd. Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
John Hu

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