byd, car market, electric vehicles, new car sales

Crashing Markets: Chinese Car Industry Recession Is Worsening

Last year, the Chinese auto market declined for the first time since the 1990s. Since then, car sales have kept falling for 14 continuous months. Market experts now feel that the Chinese car industry might be heading for an even worse future. Falling sales According to the China Association of Automobile Manufacturers (CAAM), the country’s ...

Max Lu

A Chinese car showroom.