VW’s sales in mainland China and Hong Kong trailed well behind overall market growth, while GM’s mainland China deliveries dropped below its US sales for the first time since 2009.
After waiting for several long months, Tesla finally gave its US and Canadian-based buyers and fans the updated Model 3 they have all been waiting for, with a price that remains unchanged.
Chinese carmakers are expected to export 5 million vehicles in 2024, with much of the demand coming from markets such as Southeast Asia and firmly establishing China as the world’s No 1 exporter, the Swiss bank says.