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Foreign Carmakers Fight to Survive in China as Market Share Dwindles

·1 min

Foreign carmakers’ share of the Chinese market is declining rapidly, with executives stating that any recovery is years away. In the first half of this year, foreign brands had a 43% market share in China’s passenger-car market, down from 50.5% in the same period last year, according to the China Passenger Car Association. The decrease in market share highlights the challenges facing foreign carmakers in the Chinese market.