Will there be any foreign automakers left in China five years from now?
A man works on assembling electric cars at a production base of Volkswagen Anhui in Hefei, China, September 2024. Credit: FeatureChina via AP Images
Global carmaking giants like General Motors (GM), Nissan and Volkswagen have long relied on China for billions of dollars in sales every year. Yet as domestic competition surges, the idea that foreign automakers could depart China entirely in the next five years is now being discussed as a real possibility.
In 2023, GM sold fewer cars in China than it sold in the United States for the first time since 2009. As recently as 2017, it sold more than four million cars in the country: by the e
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