The Decline of American Automakers in China - A Wake-up Call


TLA

Uploaded on Apr 28, 2023

Category Business

Increasingly, Chinese-made cars, including electric vehicles (EVs), are displacing popular American auto brands in China, the world's largest car market. GM's car sales in China dropped by 20% last year, whereas Ford's fell by 33.5%. In the EV market, this trend is especially concerning to American car companies. According to Edison Yu, a Deutsche Bank analyst, "It's pretty much the consensus belief that US automakers are becoming increasingly irrelevant" in China.

Category Business

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