汽車業

China’s carmakers: too many are too small to be viable

More than 250 miles south-east of Beijing lies Zibo, home to one of China’s newest carmakers, Sinogold.

Its new plant, built on a greenfield site and costing more than $1bn, is filled with the latest car-assembly robots, ready to produce hundreds of thousands of vehicles a year.

The state-owned company did not exist two years ago and its entry into the market adds to the list of more than 100 companies in China with a licence to make cars.

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