2010 BEIJING AUTO SHOW NEWS
"China’s automotive fleet is rapidly expanding. Last year the Chinese market overtook the US to become the world largest automotive market, and sales are expected to continue to expand 55% to 13.55 million passenger vehicles per year by 2015. The country is currently the third largest consumer of oil in the world with all of Europe a close second and the US number one. As China’s volume of vehicles continue to increase along with economic growth so too will their oil demand. China will pass the US and become the world’s largest oil consumer within a few years and thereafter continue to expand consumption. China is already importing more than 50% of its oil. Fortunately, there is already great demand among the Chinese population for electric cars. "