EconomyGlobal carmakers seek new China strategy as market share falls below 30%

International automakers are seeking ways to survive in China’s cutthroat market as domestic rivals gain ground. Volkswagen, Toyota and other foreign brands lost further share in mainland China in the third quarter, with consumers turning away from expensive foreign cars amid an economic slowdown and the Iran war.

automakersChina marketforeign brandselectric vehicles

SSouth China Morning Post★★☆☆☆2026-10-27 23:59Original