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foreign automakers face challenges in adapting to chinas electric vehicle market

Foreign automakers are struggling to maintain their market share in China's rapidly evolving electric vehicle sector, with many facing declining revenues and increased competition from domestic brands like BYD and Geely. Analysts suggest that partnerships with local companies are essential for survival, as traditional fossil fuel-based manufacturers adapt to a market where new energy vehicles dominate. Despite the challenges, foreign firms are investing in joint ventures and advanced technologies to remain competitive, though the landscape remains fiercely competitive.
CNBC
United States Dollar Chinese Yuan Huawei Toyota Pony.ai NVIDIA Corporation Kia Audi Tesla, Inc. SAIC Geely General Motors Company Nissan Motor Co., Ltd. Leapmotor Volkswagen AG Stellantis N.V. BYD USA CHN DEU JPN THA Yiming Wang Jing Yang David Dinkins Stephen Dyer Mary Barra Show more
Finance & Economy, Market Report
06:04 22.11.2024
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