Part 5/8:
The Struggles of Foreign Automakers in China
China's auto market has become increasingly competitive, with foreign brands struggling to maintain their foothold. In 2024, significant declines in delivery volumes were reported by major brands such as Audi and BMW, while Chinese car brands showed robust growth. The intense competition in China’s market, which features a plethora of over 120 competitors, has triggered fierce price wars, even affecting new model releases.