Chinese automakers post sharp annual profit drops as international partners hit by domestic competition
SAIC was present at Auto Shanghai 2021 to showcase its lineup of electric cars on Monday, April 19, 2021. Credit: TechNode/Jill Shen Major Chinese car manufacturers, including SAIC and BAIC, saw double-digit declines in annual profits as the industry was hurt by slowing growth in new fossil fuel car sales…
bubmagApril 8, 2024