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China will become the world's largest market for luxury cars by 2016 after its passes the U.S.,...

China will become the world's largest market for luxury cars by 2016 after its passes the U.S., according to a new report from McKinsey & Co. The firm sees China's premium car market growing to an annual selling rate of 3M premium cars by 2020. Though China provides an enticing growth opportunity for high-end automobile sellers, the market is also fraught with risk as the government stays involved with many of the joint ventures. Watching the trend: Daimler (DDAIF.PK), BMW (BAMXY.PK), Audi (VLKAY.PK), Acura (TM), Cadillac (GM), Aston Martin, Jaguar Land Rover (TTM), Tesla Motors (TSLA).
Comments (6)
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    Acura is a Honda, not a Toyota.

     

    Some Acura vehicles are sold as Honda (Integra) in Cn.
    5 Mar 2013, 08:55 AM Reply Like
  • Cassina Tarsia
    , contributor
    Comments (641) | Send Message
     
    What a market! And look at the pollution in China ... just perfect for Tesla. And the latest that I heard was that China is going full tilt into alternative fuel cars in an attempt to start cleaning up the dirt in the air.
    5 Mar 2013, 11:28 AM Reply Like
  • 123man
    , contributor
    Comments (1050) | Send Message
     
    China also specializes in knock offs - hope not - for Tesla's sake - Knowing Elon's ability to posture correctly, I suspect he will hit it out of the park in China - which is ultimately great for we Tesla owners back here in the states -
    5 Mar 2013, 11:42 AM Reply Like
  • jlmur50
    , contributor
    Comments (17) | Send Message
     
    I hope the Chinese can appreciate the outing of Boder's bumble.
    5 Mar 2013, 01:12 PM Reply Like
  • alphaseeking9
    , contributor
    Comments (19) | Send Message
     
    Never fear the US government, aka Obama, will back up any green, enviromental, battery technology. I'm long TSLA (and Obama).
    5 Mar 2013, 11:19 PM Reply Like
  • jpmj4847
    , contributor
    Comments (507) | Send Message
     
    not so much, to many reports for me, all I see is red not green.jpmj4847
    6 Mar 2013, 12:40 AM Reply Like
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