China JV Automakers Deepen Local Ties, Struggle to Regain EV Share
Joint ventures in China’s automotive market face challenges, adapting to local EV strategies while seeing declining market shares.
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Joint ventures in China’s automotive market face challenges, adapting to local EV strategies while seeing declining market shares.
The draft aims to rein in minimalist, screen-dominated interiors popularized by Tesla and adopted by Xiaomi and BYD, amid concerns over driver distraction and system reliability.
In January, the wholesale penetration rate of NEVs reached 44.3%, with domestic independent brands hitting 57.9%.
After more than a decade, China’s NEV purchase tax exemption policy has ended, leaving the auto market noticeably subdued in January.