New markets in Latin America and Southeast Asia drive their growth plans.

The downturn comes after policymakers reduced trade-in subsidies and ended a decade-long tax exemption

New markets in Latin America and Southeast Asia drive their growth plans.

Consumer demand for cars in China tumbles following record-high sales of 23.7 million units in 2025.

China's passenger car sales fell 20.2% in H1 2026. ICE vehicles dropped 39% in June. Exports surged 82%. Analysts expect only 7-8 automakers to survive.

Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend.