Traditional luxury car brands BMW, Mercedes-Benz, and Audi (BBA) face increasing competition in China from domestic manufacturers like BYD, Huawei, Nio, and Li Auto, especially in the luxury segment (over 300,000 yuan). BBA's sales in China have declined in early 2024 due to fierce market price wars and competition from domestic new energy vehicles (NEVs), leading to severe financial and operational challenges for dealerships. BBA is enhancing local R&D efforts and adjusting strategies to combat competition, but Chinese brands are rapidly improving, challenging BBA's market dominance with innovative features and competitive pricing.

Li Auto sales disappoint, troubled EV-maker HiPhi Plans to resume production

Automakers join forces to develop Advanced Digitized Platform and to launch three battery-electric models

German luxury brand will use Chinese platform in major win for domestic auto manufacturers

The effort is critical not just for the Volkswagen AG unit but also as a test of Germany’s ability to navigate threats to its competitiveness

Carmaker’s advertisement allegedly uses the same language from a poem that a well-known blogger had written and shared

Once a leader in helping China create its modern auto industry, the German auto giant is stumbling with its electric transition in the world’s most dynamic EV market

Foxconn to make chips in India, Oppo phones to use Swedish camera technology

Construction of the plant, which will be based in Jilin province’s capital of Changchun, is scheduled to begin in April and be completed by December 2024

The move echoes efforts by peers like China’s biggest private carmaker Zhejiang Geely, which plans to install photovoltaic cells on the roofs of all of its factories within two years

Beijing delivers on promise to ditch 50% limit on ventures making passenger vehicles, leaving global automakers free to set up wholly owned companies from Jan. 1

Tech Insider: Baidu Enters the Metaverse, a Self-Driving System for as Little as $10,000

Southeast Asia is the next hot expansion destination for companies in the Greater Bay Area

State-owned power giants ramp up clean energy investment; Audi’s China electric car plan reportedly delayed; Ganfeng makes first payment in Mali lithium project

Volkswagen AG unit refuses to comment on German media report, saying only that stakeholders remain in ‘close communication’

Company plans to rev up high-end sales with upcoming launch of Shanghai plant, before moving to mid-market models

German firm seems poised to tie-up with SAIC as it pushes to regain share lost to hometown rivals in world’s biggest market

Audi, BMW, Mercedes all predict strong growth will continue in 2019, despite broader slowdown