According to the latest statistics provided by the Shandong Automobile Industry Association, in 2010, the output of automobile products in Shandong Province was 1,796,393, an increase of 30.31% year-on-year; the sales volume of products was 17,95043, an increase of 30.24% year-on-year; production and sales accounted for about one-tenth of the country.
According to the Shandong Automobile Industry Association, these automotive products are all produced in Shandong. Among them, in 2010, the production and sales volume of commercial vehicles in Shandong exceeded 1,070,000. The Shandong automobile industry achieved a total breakthrough while the overall efficiency has also increased substantially. In 2010, the annual profit of Shandong auto industry exceeded 24 billion yuan, surpassing 20 billion yuan for the first time.
Judging from the structure of the auto industry, this large province of commercial vehicles is increasing the proportion of passenger vehicles, and the adjustment of the industrial structure from light to heavy is accelerating. In 2010, production and sales volume of passenger cars including passenger cars, SUVs, and crossover passenger cars all exceeded 710,000 vehicles, an increase of around 32% year-on-year.
During the 12th Five-Year Plan period, the Shandong auto industry will shift from the pursuit of scale speed to quality and efficiency. The growth rate of Shandong auto market will slow down, but it will still maintain an increase of 10%-15%.
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