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China car sales slump for ninth straight month, exports stay strong
China's car sales have declined for nine consecutive months, impacting domestic demand significantly. Automakers are now increasingly focusing on export markets to offset these local sales slumps. Consumers with higher purchasing power are upgrading to new premium vehicles with advanced features. This trend benefits emerging Chinese brands while traditional German marques face challenges.
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scmp.com
China’s EV deliveries continue downward spiral, exacerbating industry worries
About 1 million electric or hybrid vehicles were delivered to customers in China in June, down 7 per cent year on year.
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businessday.co.za
China car sales fall for ninth consecutive month
Car sales in China fell for a ninth consecutive month in June as automakers increasingly turn to export markets to cushion the impact of sluggish local demand.
