Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

European Auto Industries Alliance With China Over Global Industrial Development

Posted on March 1, 2019 By Alice Martin No Comments on European Auto Industries Alliance With China Over Global Industrial Development

Leading European and Chinese automakers have pledged to strengthen their cooperation at the Brussels Summit, where their association; Chinese Association Automobile Manufacturers (CAAM) and the European Automobile Manufacturers Association (ACEA) have inked a cooperation agreement.

Together, China and the EU respectively the largest and the second largest in the world account for about half of global sales and production in the passenger cars segment. Although last year the Chinese car market shrank for the first time in the past 28 Years, sales still exceeded 28 million units, accounting for roughly 30% of total global sales.

The European car market spurred by 0.1% last year. Although this increase is very modest, it is the fifth consecutive year of growth. With a total of 15.2 Million cars registered the European Union accounts for more than 19% of the global car market holdings, after China.

“The 15 members of ACEA are true international companies with a strong presence in China and other parts of the world, and China is also the second largest export destination for passenger cars in the EU,” said Erik Jonnaert, Secretary General of ACEA. “That is why we strongly consider in strengthening the connections amid our associations.”

Executive Vice President of CAAM, Dong Yang said, “For the Chinese auto industry to prosper, we need to reinforce our standards, policies, and regulations, which is why we are looking for widespread international cooperation to additionally align our industry with the market. Our cooperation with ACEA is extremely vital as it enables us to learn from the renowned European standardization and regulation system, which will be of mutual advantage to the European automotive industry and China.”

The associations also intend to unite globally to promote the international synchronization of automotive standards and regulations. The cooperation agreement was inked in the presence of representatives of the European Commission and the Chinese mission to the EU.

Business Tags:European Auto Industries Alliance With China Over Global Industrial Development

Post navigation

Previous Post: California Mulls Stringent Guidelines For Data Breach
Next Post: Farmers Paid $7.7bn By USDA To Save From Trump’s Tariffs

Related Posts

Oil Market Faces Oversupply Problems but Expects Correction Business
Porsche Taycan Users To Get 3 Years Of Charging For Free Business
Larry Ellison, Oracle Co-founder Makes It To Tesla Board Business
2 Ex Airline CEOs Slam Govt. Over Shutdown Business
AT&T To Cut Employments In Ineffective Business Units Business
wireless-router Things to Consider When Buying a Wireless Router Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme