With SUVs, Chinese carmakers at last unsettle foreign brands

April 17, 2015 5:30 AM

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With SUVs, Chinese carmakers at last unsettle foreign brands

BEIJING (Reuters) - Two years ago, just one Chinese SUV ranked among the country's top-10. In the first three months of this year, that number jumped to eight - a sign that Chinese automakers may have found their sweet-spot to battle foreign rivals in the world's biggest car market.

Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG (VOWG_p.DE) and General Motors in sedan sales. Shifting the battleground to the roomier sport utility vehicle segment may bring more success.

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