China has overtaken the United States to become the second-largest car market, and the country is now the biggest market in the world for luxury brands.
While U.S. automakers continue to dominate the market, car makers like Yuzhao and Yuezhi are taking advantage of the country’s relatively lax regulation and high quality of life.
Yuehai and Yezhi are also the world’s largest car makers.
Yuzhai and Xuezhi together made $8 billion last year and Yuzhao’s sales are expected to reach $11 billion this year.
Both Yuzhan and Yazhi are based in Beijing, while Yuzhong is based in Shanghai.
Both Yuzhua and Yuehua are in the luxury segment.
Yuehai is in the high-end segment.
The two brands were founded in 2007 and they are both based in Yuzhen in the city of Yuxing, about 200 kilometers (124 miles) northwest of Beijing.
The companies have sold more than 100 million cars in the last 10 years, according to company statistics.
Their cars have sold in the U.K., France, Germany, Japan, Sweden, Brazil and Italy, according a company spokesman.
Yuzhai, whose logo is a yellow star and with an arrow at the end, was founded in 2015 by Yuzhuo Guo, a former fashion designer.
Yizhuo left the company to found Yuezhan, which was founded by Guo’s son.
Yuezhai is one of China’s top luxury brands, and it is also one of the biggest car makers in the country.
The Yuezhong brand is based out of Shanghai, and its sales are projected to reach nearly $2 billion this fiscal year, according Chinese media reports.
Yazhao is a luxury brand with sales of about $1.5 billion.