THE increasing popularity of homegrown new energy vehicle (NEV) brands among Chinese consumers has foreign auto giants sweating. As they try to rev up stalling sales in China amid a broader economic decline, some are trying an unorthodox strategy: tapping their local joint-venture (JV) partners for NEV research and development.
As China sales slump, global carmakers tap local ventures for EV catch-up
2023-10-17T13:10:25-04:00October 17th, 2023|
Related Posts
-
LMIRT bags 2.5 trillion rupiah loan facility
May 29th, 2024 -
From ‘panda’ to ‘skunk’: China firms now shunned in US
May 29th, 2024