The world's auto giants will need to partner with Chinese companies to survive in China, analysts say
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Analysts suggest that foreign automakers, including General Motors, need to form partnerships with Chinese companies to remain competitive in China's electric car market. GM, Volkswagen, and Nissan have all experienced revenue declines in China from 2019 to 2023.
November 22, 2024 | 5:30 am
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General Motors has seen a decline in revenue in China from 2019 to 2023. Analysts suggest that forming partnerships with Chinese companies is crucial for GM to remain competitive in the Chinese electric vehicle market.
The decline in GM's revenue in China indicates a need for strategic changes. Analysts recommend partnerships with local Chinese companies to adapt to the growing electric vehicle market, which could help GM regain its competitive edge.
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