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.

Increasingly, foreign giants are looking to take advantage of Chinese upstarts’ technological know-how

The first model will be an SUV, and the automakers will launch a joint sourcing program to reduce component costs

Volkswagen Anhui kicks off production of electric Cupra Tavascan SUV for export to Europe, with plans to produce a China market model later this year

He Xiaopeng met with the auto giant’s chief executive Oliver Blume and China head Ralf Brandstätter, following the establishment of an official partnership announced in July

Pony.ai in heavyweight tie-up, Douban to mark all users by location

German auto giant plans to steer more investment to U.S. and electric vehicles amid war in Europe and Covid lockdowns in China

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

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

Incoming China chief seeks ‘faster, more independent’ local development including innovations such as internet-connected vehicles

Japanese automaker looks to join the race to set the industry standard for software that will power the vehicles of tomorrow

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

The EV-maker will cash in while Volkswagen’s ventures in China, lacking green vehicles, will owe the most in emissions trading

German automaker intends to better compete against likes of Tesla

Deal between the South Korean companies spares the Biden administration from an unpalatable choice

Two South Korean giants are holding talks with at least a dozen agencies, including officials at labor, transportation and energy

While the sales of Volkswagen, BMW and the like are strong in the country, booming demand for midrange vehicles plays to the strengths of Japanese vehicles