China car sales fall again

The automotive industry in China is experiencing a decline in domestic sales for the twelfth consecutive month, with passenger car sales dropping by 28.1% in September to less than 1.64 million vehicles. Meanwhile, Chinese vehicle exports have shown robust growth of 73.2%, reaching 923,000 cars in September, with leading company BYD continuing to spearhead this growth, and export rates significantly outpacing domestic sales. This trend reflects Chinese automakers' shift towards foreign markets to compensate for the weakness in the local market, amid ongoing challenges in balancing external expansion with the need to restore domestic sales, amidst rising discussions about trade restrictions and regulatory requirements in global markets.

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