Carmakers

Japan’s Carmakers Forge Strategic Alliances to Compete with China’s Auto Dominance

3 days ago

In a bold move reflecting the shifting dynamics of the global automotive industry, Japan's leading car manufacturers are pledging to strengthen their partnerships in order to reclaim market share that has been lost to their formidable competitor, China. This commitment comes at a crucial time when the automotive landscape is rapidly evolving due to technological advancements and changing consumer preferences.

Profit Margins of Chinese Carmakers Take a Hit Amid Intensifying Competition

14 days ago

As 2024 draws to a close, the Chinese auto industry finds itself grappling with an increasingly hostile competitive landscape. Profit margins for domestic car manufacturers are being squeezed tighter than ever before, largely driven by a surge in rivalry among an ever-growing number of players in the market. The intense competition—exacerbated by an aggressive pricing strategy deployed by many companies—has left manufacturers struggling to maintain their profitability.