# Carmakers Reevaluate China Strategy as Share Falls Below 30%

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: https://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/canvas/2026/10/28/81725558-8c1e-4ff8-8048-b07766d74593_ff6a1f54.jpg?itok=DbQ4LQ08&v=1793144419

#china #automobiles #market #electric

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Created: 2026-10-29T01:53:34.160328+00:00

Last edited: 2026-10-29T01:53:34.160328+00:00

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Origin: Syndicated

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