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Article: AUTOMOBILE NAVIGATION SYSTEM TO HAVE HUGE MARKET POTENTIAL
- Article from:
- AsiaInfo Services
- Article date:
- April 3, 1997
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Copyright informationProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
04-03-1997
Automobile Navigation System to Have Huge Market Potential
CHINA, April 3, AsiaInfo Services, Inc -- Since 1994, the developed
countries have sped up the development and production of the automobile
navigation system, while in China it remains a huge market to be
developed, with only several enterprises having the intention to import
technology so as to produce the system. In 1995s the total amount of
Chinese civil automobiles increase at an average annual rate of 8
percent. If 10 percent of the automobiles (about 900,000) use the
navigation system, the market potential will be 1.8 billion RMB yuan,
which will have an annual increase of 160 million RMB yuan (calculated
...
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