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After 21 years selling vehicles in the country, US-based automaker Chevrolet has decided it’s time to leave China. Apparently, sales have dropped so much and the brand has gotten so uncompetitive there that Chevrolet has decided it’s time to go.
Keep in mind that the plugin vehicle market in China has risen to 63% of the country’s auto sales, while the share of Chevrolet sales that are electric is very, very small.
At its peak, Chevrolet sold 760,000 sales a year in China, eventually reaching 7.5 million sales to Chinese buyers.
Funny enough, Chevrolet will continue building cars in China. However, the will be sold in markets other than China and the United States. The company is now targeting growth in those export sales.
