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China Automakers Miss 2023 Sales Goal as Competition Intensifies.
In: Bloomberg.com, 2024-01-04, S. 1-2
Online
serialPeriodical
Zugriff:
Competition in China's car market has intensified, with only a third of Chinese automakers meeting their sales goals in 2023. Li Auto Inc. exceeded its target by delivering 376,030 vehicles, while BYD Co. sold 3.01 million cars, surpassing Tesla as the top-selling EV maker. Geely Automobile Holdings Group Ltd. was the only traditional automaker to meet its target, but its EV brand Zeekr fell short. Nio Inc., Xpeng Inc., and Zhejiang Leapmotor Technology Co. all missed their targets for a second year, prompting executive reshuffling and workforce reductions. The growth in China's auto market is driven by new-energy vehicles and exports, and automakers that fail in these areas may fall behind. [Extracted from the article]
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China Automakers Miss 2023 Sales Goal as Competition Intensifies.
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Zeitschrift: | Bloomberg.com, 2024-01-04, S. 1-2 |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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