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Automobile industry

Updated: Jun 17, 2019 www.chinaservicesinfo.com Print
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With over 50 years of construction and development, the automobile industry in Hubei province has established an industrial foundation with "one leading industry and two belts". "One leading industry" refers to the automobile industry taking the leading role, and "two belts" refers to the two centralized belts, including automobile industry belts based on Dongfeng Motor Group and a large technical equipment belt based in Yichang, Jinzhou, Wuhan and Huangshi.

The total output of automobiles in Hubei in 2018 amounted to 2.66 million, a decrease of 9.6% year-on-year. The added value of automobile industry climbed by 2.7% compared with that of last year.

Currently the automobile industry in Hubei province has been going through a transformation to development oriented to new energy, high-end goods and branding.

The automobile industry in Hubei province is transforming its development toward new energy, high-end goods and branding. [Photo/VCG]

 

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