the demand crisis in the Chinese car market; Private shows and a 22% drop in sales for automakers turned to exports According to CNBC, many people in China are avoiding buying cars due to the unstable job market and the ongoing decline in housing prices that have damaged consumer confidence. According to car dealers, the government has also reduced incentives such as cash subsidies for scrapping used cars and tax breaks for buying electric cars. According to the statistics of the China Passenger Car Association, the retail sales of passenger cars in China will reach 13.33 million units by September 2026, showing a decrease of 21.7% compared to last year; Even sales of electric cars, once a bright spot in the market, have declined. Fierce competition has led to damaging price wars in recent years, analysts say, and is the main reason Chinese automakers are looking to foreign markets, as Beijing fears that partners like the US and Europe will erect concentrated trade barriers against the country's massive auto exports. The details of the report are on Instagram.

the demand crisis in the Chinese car market; Private shows and a 22% drop in sales for automakers turned to exports According to CNBC, many people in China are avoiding buying cars due to the unstable job market and the ongoing decline in housing prices that have damaged consumer confidence. According to car dealers, the government has also reduced incentives such as cash subsidies for scrapping used cars and tax breaks for buying electric cars. According to the statistics of the China Passenger Car Association, the retail sales of passenger cars in China will reach 13.33 million units by September 2026, showing a decrease of 21.7% compared to last year; Even sales of electric cars, once a bright spot in the market, have declined. Fierce competition has led to damaging price wars in recent years, analysts say, and is the main reason Chinese automakers are looking to foreign markets, as Beijing fears that partners like the US and Europe will erect concentrated trade barriers against the country's massive auto exports. The details of the report are on Instagram.