While the final sales and production numbers from 2011 are still being tallied one new numbers is bound to catch attention of executives and analysts from Tokyo, to Stuttgart and Detroit.
Chinese automakers exported more than 1 million finished vehicles to markets all around the world, according to new data coming out of the Asian nation. Chinese carmakers, however, have bypassed the big “Triad” markets in North America, Europe and Japan and have instead focused on exporting vehicles to emerging markets in Africa, South America, the Middle East and South Asia.
That could change, however, as Honda has announced plans to export some of its Chinese-made Fit subcompacts to Canada, while Geely has set up a U.S. headquarters in Los Angeles that could be followed by a small number of imports this year. Nonetheless, it appears the Chinese are betting their best opportunity will come from emerging markets.