Luxury car sales in China dropped significantly last month and in the first half of the year, with brands like Mercedes-Benz and Land Rover experiencing declines as wealthy consumers increasingly favor electric vehicles due to rising crude oil prices.
A record 156 new car models are expected to launch in the Chinese market in the second half of 2026, with 90% being EVs. This influx is intensifying competition and raising concerns about profitability for smaller players amidst a looming price war.
Geely Auto plans to restructure assets to eliminate excess capacity and enhance global competitiveness in its battle with BYD. The company aims to become a stronger, larger automaker with improved systemic development, governance, and international presence.
Six-seat premium electric sport utility vehicles (SUVs) are emerging as an unlikely game changer in China’s automotive market, with more than a dozen new locally developed models set to challenge German luxury brands this year. The spacious vehicles, increasingly popular among wealthy families in mainland China, could drive a rebound in the world’s largest car and electric vehicle (EV) market as they combined Chinese EVs’ technological edge with competitive pricing, according to Morgan...
Six-seat premium electric sport utility vehicles (SUVs) are emerging as an unlikely game changer in China’s automotive market, with more than a dozen new locally developed models set to challenge German luxury brands this year. The spacious vehicles, increasingly popular among wealthy families in mainland China, could drive a rebound in the world’s largest car and electric vehicle (EV) market as they combined Chinese EVs’ technological edge with competitive pricing, according to Morgan...
