Wanxiang Group Ranked 10th in China Top 30 Sales Leading Auto Industrial Enterprises

Statistically, Wanxiang Group ranked 10th in the list of China 2004 Top 30 Sales Leading Auto Industrial Enterprises. The data was released by State Statistic Bureau, China Mechinery Industial Association and China Auto Industrial Association. According to the released data, 59.18 percent of the total income of China Auto Industry was contributed by the top 30 auto industrial enterprises. The 30 enterprises could be classified into three groups: auto enterpises, motor bike enterprises and auto part enterpise. Wanxiang Group is the only member of the group of auto part enterprise selected in this list. The top 10 enterprises in that list include: China FAW Group Corporation, Shanghai Automotive Industry Corporatioin, Dongfeng Motor Corporation, Beijing Automotive Industry Holding Co.,Ltd, Guangzhou Automotive Industry Group Corporation, Chang'an Automotive Group Corporation, China Heavy Automotive Group Corporation, Huachen Automotive Group Corporation and Wanxiang Group Corporation. In 2004, there were 6504 auto industrial enterprises of scale running in China but 59.18 percent of the sales income of this industry was contributed by only 30 leading enterprises. So we can believe that the leading enterprises in China's industry will become the main force in industrial development.