Carmakers Reevaluate China Strategy as Share Falls Below 30%

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Global carmakers lose market share in China to domestic brands. Market share dips below 30% amid economic slowdown and Iran war. Consumers shift toward electric vehicles and cheaper domestic options.

https://www.scmp.com/business/china-business/article/3372359/global-carmakers-search-new-china-strategy-market-share-slips-below-30

Image: 81725558-8c1e-4ff8-8048-b07766d74593_ff6a1f54.jpg

#china #automobiles #market #electric

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