What is the 2021 Automotive Market Analysis?
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Related reports predict that China's car ownership is expected to surpass that of the United States by 2025, becoming the largest automotive market in the world. Below is the relevant introduction: Automobile: The latest national standard in China, "Terms and Definitions of Types of Automobiles and Trailers," defines an automobile as follows: A non-track vehicle powered by an engine, with four or more wheels, mainly used for: transporting people and/or goods; towing vehicles that carry people and/or goods; and for special purposes. Passenger Vehicle: Passenger vehicles are primarily designed and technically characterized for transporting passengers and their personal belongings and/or temporary items, including the driver's seat, with a maximum of no more than nine seats.