Analysis: No country for foreign car manufacturers in China

China The "inevitable decline" of foreign car manufacturers

2024-04-10 From Henrik Bork | Translated by AI 3 min Reading Time

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Market researcher Inovev sees an unstoppable retreat of foreign car manufacturers from China. The Chinese competition is making great strides and is gradually taking over their home market.

Chinese car manufacturers, led by BYD, are increasingly displacing foreign manufacturers from the Chinese market with their models.(Image: BYD) — Chinese car manufacturers, led by BYD, are increasingly displacing foreign manufacturers from the Chinese market with their models.
(Image: BYD)

Foreign car manufacturers, including the Germans, have a problem in China. In an analysis, Inovev speaks of an "inevitable decline" of all non-Chinese manufacturers in the largest car market in the world. The market researchers note a current "paradigm shift" in China as the market share of Chinese car manufacturers continues to rise.

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