Foreign Automakers Struggle in China

This is a China news story, published by CNBC, that relates primarily to Fossil fuel news.

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Chinese automakers

CNBC

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The world's auto giants will need to partner with Chinese companies to survive in China, analysts say

Summary

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90% Informative

U.S. automaker General Motors , Germany 's Volkswagen and Japan 's Nissan each saw their China revenue drop between 2019 and 2023 .

Fossil fuel -based automakers have struggled to hold their ground in the world's largest car market.

Chinese electric car companies have integrated smartphone-like entertainment displays, projectors and driver-assist technology into their vehicles.

Volkswagen 's stake in Xpeng remains the most high-profile tie-up so far between a foreign automaker and Chinese electric car startup in the China market.

The German company is trying other strategies to recover its market share.

Global car companies also face competition from Chinese automakers that are expanding abroad.

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formal

Language

English

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not offensive