As of April 14, the total sales volume was 5.37 million, of which foreign brands accounted for 2.382 million, and domestic brands accounted for 2.987 million. The market share of foreign automakers in the Chinese market was 44.4% (domestic brands accounted for 55.6%).
- Last week, sales of foreign brands generally dropped by more than 20% year-on-year. Since the first quarter, the overall performance of foreign automakers has not been optimistic.
Tesla recently plans to reduce production by 30%, which has caused a stir within the supply chain. Traditional automakers are facing difficulties and may either exit the Chinese market or seek reverse joint ventures. The price war has made operations in the Chinese market increasingly challenging.
New trends are emerging in the Chinese auto market, including reverse joint ventures and cross-industry collaborations. Supply chain companies are gradually stepping out from behind the scenes. The landscape of joint ventures is undergoing changes.
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