{"id":956,"date":"2017-04-06T12:31:59","date_gmt":"2017-04-06T08:31:59","guid":{"rendered":"http:\/\/www.simplycarbuyers.com\/blog\/?p=956"},"modified":"2019-01-24T16:20:25","modified_gmt":"2019-01-24T12:20:25","slug":"can-china-compete-in-the-market-for-luxury-cars","status":"publish","type":"post","link":"https:\/\/www.simplycarbuyers.com\/blog\/can-china-compete-in-the-market-for-luxury-cars\/","title":{"rendered":"Can China compete in the market for luxury cars?"},"content":{"rendered":"<p>Every now and then new nations enter the international car market, with varying degrees of success. The Chinese are now trying &#8211; will it work?<\/p>\n<h2>Previous entrants<\/h2>\n<p>In the Seventies, it was Eastern Bloc cars like <strong>Skoda<\/strong>, Lada&#8217;s version of the old <strong>Fiat 124<\/strong> and the <strong>Russian Moskvitch 1500<\/strong>. Twenty years later the Malaysian Proton and South Korean Kia, Ssangyong, Daewoo and Hyundai brands appeared.<\/p>\n<p>The offering to international <a href=\"https:\/\/www.simplycarbuyers.com\">car buyers<\/a> was always one of low price, with lower quality and equipment levels, sometimes even lower safety levels. This makes it hard to <a href=\"https:\/\/www.simplycarbuyers.com\/dubai\/sell-any-car-and-enjoy-the-cash\">sell luxury cars<\/a><br \/>\nunder these brands &#8211; Skoda and Hyundai are perhaps on the way to pulling it off, but not yet.<\/p>\n<h2>Chinese way of making new cars<\/h2>\n<p>The Chinese have approached the international car market in a different way because they have access to greater finance.<\/p>\n<p>They can buy existing companies with high levels of design, manufacturing and marketing expertise which makes it easier for them to access international markets.<\/p>\n<h3>Which new cars are Chinese?<\/h3>\n<p>Volvo, the Swedish company with a reputation for safe, high-quality cars, was been bought by Geely. Chinese company SAIC, which makes the Chevrolet Cruze for sale in the USA, also bought the remains of British company MG.<\/p>\n<p>After a lull brought on by the international credit crisis, SAIC is now selling British-built cars as MG Motors, but it&#8217;s uncertain if that brand will sell well across the world.<\/p>\n<p><a href=\"https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-957 aligncenter\" src=\"https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-300x200.jpg\" alt=\"\" width=\"425\" height=\"283\" srcset=\"https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-300x200.jpg 300w, https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-768x512.jpg 768w, https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-1030x687.jpg 1030w, https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-1500x1000.jpg 1500w, https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-705x470.jpg 705w, https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07-450x300.jpg 450w, https:\/\/www.simplycarbuyers.com\/blog\/wp-content\/uploads\/2017\/04\/large_LYNK-and-CO-01-07.jpg 1600w\" sizes=\"auto, (max-width: 425px) 100vw, 425px\" \/><\/a>But perhaps the most interesting move is from Geely: launching a new global brand called Lynk &amp; Co using Volvo expertise. The first car from the new brand &#8211; the 01 &#8211; is a strikingly designed, high-quality SUV, loaded with technology.<\/p>\n<h2>Importance of luxury cars<\/h2>\n<p>Privately-owned Chinese car companies like SAIC and Geely have to be successful internationally as they are less competitive in China than subsidized government-owned manufacturers.<\/p>\n<p>So the Lynx &amp; Co initiative is very important &#8211; delivering new cars that aren&#8217;t perceived as budget cars and have the quality associated with Volvo.<\/p>\n<p>The 01 will be one of the new cars 2017 will bring to the attention of international car buyers &#8211; will it succeed?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every now and then new nations enter the international car market, with varying degrees of success. The Chinese are now trying &#8211; will it work? Previous entrants In the Seventies, it was Eastern Bloc cars like Skoda, Lada&#8217;s version of the old Fiat 124 and the Russian Moskvitch 1500. Twenty years later the Malaysian Proton [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":960,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_selected_social_profile":[]},"categories":[1],"tags":[],"class_list":["post-956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Can China compete in the market for luxury cars? - SimplyCarBuyers<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.simplycarbuyers.com\/blog\/can-china-compete-in-the-market-for-luxury-cars\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Can China compete in the market for luxury cars? - SimplyCarBuyers\" \/>\r\n<meta property=\"og:description\" content=\"Every now and then new nations enter the international car market, with varying degrees of success. 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