Your favorite worldwide updates are back and today the focus is on China.
It’s no secret that apart from in the Light Commercial Vehicle segment, Chinese brands have been struggling in their home market for a while (see China February 2012: When will Chinese cars rule at home?). Granted, last November in the midst of China-Japan tensions, the penetration rate of Chinese passenger cars shot up to 35%, its highest in 20 years. But it’s still incredibly low compared to Japan and South Korea, two Asian car manufacturing powerhouses that have built their success overseas on a quasi-monopoly at home.
But this could change drastically soon.
How?
Jump and see…
Recent Comments