·Guangzhou ranks automobile manufacturing as a key development area

It was learned from the Guangzhou Economic and Trade Commission that the 12th five-year plan for advanced manufacturing in Guangzhou has been issued. Among them, the automobile is listed as the first of the seven key development areas of the plan. By 2015, the annual production capacity of the whole vehicle will reach 4.5 million, the output value will exceed 650 billion yuan, and two large-scale automobile manufacturing enterprises with an output value exceeding 100 billion yuan will be built. According to the plan, automobile manufacturing is listed as one of the strategic leading industries in which Guangzhou's fiscal “concentration power” is invested.
According to the plan, by 2015, the added value of Guangzhou's advanced manufacturing industry will account for more than 65% of the added value of industrial enterprises above designated size; the city's industrial added value will be about 550 billion yuan, accounting for 31% of the city's GDP, and it will cultivate two hundred billion yuan. About 20 advanced manufacturing enterprises of 10 billion yuan. In the field of high-profile cars, the plan proposes to accelerate the construction of the three major automobile industry clusters in the eastern, southern and northern parts of Guangzhou, insist on the development of medium-to-high-end cars and economic cars, and appropriately develop micro-displacement vehicles, and propose to promote auto insurance including auto insurance. Second-hand car transactions and other related industries.
The plan clearly proposes three key objectives, including the construction of the national automobile industry base, the parts and components industry base and the self-owned brand automobile industry base. And pointed out that by 2015 the vehicle production value will exceed 500 billion yuan.
How was the target of 4.5 million vehicle production capacity in 2015 calculated? According to the plan, it includes 3 million vehicles of Guangzhou Automobile Group (601238) (including Guangzhou Automobile Changfeng, GAC Gonow, GAC Fiat), and 1.5 million Dongfeng Nissan (including 200,000 Xiangfan base and 300,000 Zhengzhou base). Among them, the production capacity of self-owned brands reached 300,000, and the capacity of new energy vehicles reached 150,000.
It is worth noting that new energy vehicles have also been highlighted in the “new energy and energy conservation and environmental protection industries”. During the planning period, Guangzhou will support the development and production of hybrid vehicles, pure electric vehicles, fuel cell vehicles, and alternative fuel vehicles.
The plan also indicated that it will integrate the existing funds for various industrial developments invested by Guangzhou Municipality and increase support for key industries. Among them, automobile manufacturing is listed as one of the strategic leading industries in which “concentration forces” are invested.

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