New sales figures from BMW and Mercedes-Benz show that the luxury German carmakers are seeing sinking sales in China. The Asian superpower is a behemoth in the region, and is one of the most important car markets for automakers around the world. But a turn to electric vehicles and a focus on domestically made cars means Chinese consumers aren’t trusting the legacy German companies quite as much anymore.
Chapters:
0:00 The lack of spending on luxury cars
0:53 Beatrix Keim, Director, Center for Automotive Research
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Author: DW News
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News post in October 15, 2024, 9:04 pm.
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