Skip to navigationSkip to content

China set to blow past Europe in 2013 car production and make 24% of global supply

AP Images
High-fives for China’s car industry
By Stephanie Gruner Buckley
ChinaPublished Last updated This article is more than 2 years old.

The Financial Times reports that China, for the first time, is set to produce more cars than Europe in 2013 as Chinese auto production reaches 10 times its 2000 level. Forecasts prepared for the FT show that China will make roughly 19.6 million cars and other light vehicles compared to 18.3 million in Europe. In 2012, Europe manufactured 18.9 million and China made 17.8 million. Projections show global car production volumes growing by 2.2% this year, compared to 4.9% in 2012.

Other data on the European auto industry’s sobering state:

European Automobile Manufacturer's Association
Demand for new cars tanking in the EU
  • In 2013, Europe will produce a little more than one-fifth of the world’s cars, down from 35% in 2001, says the FT. (In 1970, nearly one in two cars in the world came from a European factory).
  • China’s global share of the auto manufacturing market will balloon to 23.8% in 2013, up from 3.5% in 2000.
  • Europe’s key car makers including France’s Peugeot, Germany’s Opel, and Italy’s Fiat are restructuring partly by cutting thousands of jobs

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.