News Snapshot:
According to the data of the China Automobile Association, in 2021, the production and sales of cars in the Chinese market completed 26.082 million and 26.275 million respectively, an increase of 3.4% and 3.8% respectively over the same period last year, ending three consecutive years of decline since 2018. At the same time, the total volume of production and sales ranked first in the world for 13 years in a row. Although China's car market has grown steadily throughout the year, the sales of multinational car companies in China have shown two trends: half rising and half falling. The overall...
