Foreign automakers are not staging a comeback in China. They are learning to be the junior partner.
TL;DR Foreign automakers briefly reclaimed market share in China in early 2026 after EV subsidies expired and domestic sales dipped, but the structural picture is unchanged: Chinese brands control nearly 70% of the passenger vehicle market, NEV penetration is heading past 54%, and foreign marques from Volkswagen to Hyundai are…
bubmagMay 2, 2026