Chinese supercars are increasing in popularity, with more people buying them each year. This article will discuss what is currently available to buy and future possibilities for the industry. It also looks at some of the more common misconceptions about supercar ownership in China.
Chinese supercars and their survival into the future
The rapid growth of the Chinese car market means that it’s only a matter of time before more China-native high-performance cars come onto the scene. Currently, the only manufacturers to produce supercars are Ferrari and Pagani. But if we look at history, there have been a number of other marques to produce those cars, including Maserati and Lotus.
It is quite possible that China could see its own supercar brand soon because the market is expanding so rapidly. The main reason that supercars are so rare in China is that the government tax policy is (or was) punitive to ultra-expensive cars. The tax is very high, which can make a supercar much pricier than it would be in a Western nation. The tax is calculated by the engine displacement and emits more than 200g/km of CO2. To put this into perspective, there are no cars on sale in China with engines larger than 4.0L and produces less than 400bhp. Even the Pagani Huayra (which has a 3 liter V12) only emits 205g/km of CO2, so that car would avoid the tax. The tax also affects supercars, but not to the same extent as high-performance inline-six engines.
China at present is a bit of an importer’s market, with foreign brands dominating the market. There are about 2 million high-end vehicles in China – and only some are supercars. The European brands have the biggest presence, with BMW and Ferrari leading the way. The Volkswagen Beetle has also become an increasingly popular car choice. Another problem with supercars in China is that they have to be imported and not produced there. Supercars are not afforded the same benefits as normal production vehicles, such as tax cuts or free parts.
If you think that the Chinese market is completely on its own and will always remain like this, then you’re wrong. If you think that there are no foreign brands to produce supercars in China, then you’re wrong too. So how is the Chinese market for supercars changing? Well, the answer is – it’s not. We will see that it’s changing quickly, but it’s still a lot of what we know today.
Let’s look at some of the more common misconceptions about Chinese supercars:
Conventional wisdom has it that there are no supercars in China because they are banned from production. While this might be true for now, there is little doubt that something quite awesome is coming. Like any form of supercar, the Chinese are very inventive and have a knack for producing “almost nothing”.
The Chinese government has imposed a ban on the production of supercars in China. There is no way that China will be able to make 2 million vehicles in its own factories. However, it is possible that some of them will set up boutique factories for styling, bodywork, and production. This will allow them to produce supercars in smaller volumes with fewer restrictions than the mainstream brands.
Most Chinese supercars were made by Bugatti before the French firm sold them to Volkswagen. There are some small manufacturers in China that make their own supercars, but most of them are simply clones of exotics from all over the world.
The Chinese don’t like supercars. They love their more practical and affordable vehicles – and that’s the reason they don’t want supercars. However, there is no doubt that something truly awesome will come from China in the next 5 years.
The Chinese government has banned supercars on common roads and highways. Most of them are driven on private roads only or in local racing events. This is understandable for the Chinese government, as they don’t want their valuable land to be destroyed by smashed windshields, and also don’t want to be responsible for any accidents due to their vehicles.
Most supercars have been built in China, but most of them are old models. Local people simply do not want to buy such cars, even though there are some supercars which they always wanted to buy. There is no doubt that in the next 5 years, there will be a flood of new supercars coming from China.