ENTITY Lei Xing

Lei Xing

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RESEARCH · CL_137463 · Jul 11 · 14:57

German Carmakers Face Steep Sales Declines in China Amidst Fierce Competition

Major German automakers like Volkswagen, Mercedes-Benz, BMW, and Porsche are experiencing significant sales declines in China, with Q2 figures dropping between 30% and 41%. This downturn is attributed to weakened domest…