All along the world's large automakers who are vying for larger Chinese market shares, China’s home-grown auto companies such as Chery Automobile, Geely and Brilliance are also growing fast. However the so-called China's "Big Three " automakers seem left behind.
Realizing all this, the "big three"-- First Automobile Works (FAW) Group Corp., Shanghai Automotive Industry Corp. (SAIC) and Dongfeng Motor Corp.(DFM) are picking up speed. The three largest state-owned auto groups that cover 50 percent of China auto market are investing RMB 44.3 billion ($58.5 billion) to create their own brands after cooperating with the foreign automakers for years.
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