Source link : https://news7.asia/news/the-chinese-authorities-are-letting-darwinism-do-its-work/
In the port of Yantai (China), April 18, 2024. – / AFP In China, we love, in mythologies as in theater, ambivalent characters, one smiling mask, the other villain. The great spectacle of the automobile revolution in the Middle Kingdom offers this duality. On the smile side, the excellent results for car sales in 2024. Nearly 23 million vehicles have been registered there. A record, with 5.5% growth. The Chinese market is now one and a half times larger than that of the United States. Read also | Article reserved for our subscribers The Chinese strategies of car manufacturers in the face of European protectionism Read later Even more spectacular, sales of electric and hybrid cars have jumped by almost 40% in 2024. One in two cars sold in the country has electric propulsion. China won this battle. Especially since foreign brands, established in the country for more than thirty years, are gradually being pushed out. Sales of Volkswagen, once the top seller and manufacturer in China, fell 8.3% in 2024. Chinese brands now represent two-thirds of the market. But the dark mask appears, blood red color. “The period from 2025 to 2027 will be that of elimination,” warned He Xiaopeng, the founder of XPeng, one of the big players in the sector, in an internal letter revealed by the Wall Street Journal. You have 55.9% of this article left to read. The rest is reserved for subscribers.
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Author : News7
Publish date : 2025-01-10 15:38:49
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