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Published on: 08. July 2024

Despite subsidies: What ails the Chinese car market

230418 -- SHANGHAI, April 18, 2023 -- A BYD Seagull is displayed at the 20th Shanghai International Automobile Industry Exhibition in Shanghai, east China, April 18, 2023. The 20th Shanghai International Automobile Industry Exhibition kicked off Tuesday at the National Exhibition and Convention Center Shanghai. The exhibition, also known as Auto Shanghai 2023, is the first A-class international auto show held in China since the country adjusted its COVID-19 response. With 13 indoor exhibition halls, it boasts an exhibition area of more than 360,000 square meters. According to the organizer, about 1,000 enterprises from 20 countries and regions participated in the auto show, and around 1,500 vehicles were displayed. CHINA-SHANGH PUBLICATIONxNOTxINxCHN
Rising EV sales in China are not enough to halt the downward sales trend. EU countervailing tariffs could soon cause exports to lose momentum too.

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Last updated: 24. July 2025
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