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Output of Compact Cars to Expand
Tianjin Automobile Industry Corp. is set to increase output of its new Xiali compact cars in a key effort to gain a competitive edge in the growing market.
The automaker has decided to produce 50,000 of the new Xiali 2000 cars this year.
About 20,000 compact cars of Xiali 2000 model have been sold in advance since the first batch of the new type of Xiali compact cars, manufactured in north China's coastal city of Tianjin by China's TAIC and Japan's Toyota, rolled off the production line December 14 last year.
With efforts of generations of Chinese people, China now has full capacity to produce all types of motor vehicles, but the medium and high-grade car market is still under the dominance of foreign products.
The government is considering abolishing restrictions on the car industry, allowing automakers to manufacture all varieties of automobiles and liberalize prices on the car market to prepare for the country's entry into the World Trade Organization (WTO).
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