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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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global.chinadaily.com.cn
Exports new driver of China's auto growth
China's auto exports are growing faster than domestic retail sales, according to June sales figures released by major automakers, underscoring a trend analysts say turns overseas…
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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.
