China's home-grown automakers are virtually unknown outside the mainland, but give it five or ten years, and you may be cruising in one.
"Chinese automakers have invested heavily in research and development over the past five years, and are now creating better products," Tony Tang, credit analyst at Standard & Poor's (S&P) wrote in a report published on Monday.
"We project that one or more Chinese automakers will become global brands within the next decade," he said.
Tang identified six companies that could make a breakthrough on the global stage within the next five to 10 years: SAIC Motor, Dongfeng Motor Group, Chongqing Changan Automobile, Beijing Automotive Group, Great Wall Motor and Zhejiang Geely Holding Group.
They are most promising on the product development, branding, quality, distribution, and marketing fronts, he said.