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BBCNEWS Asia Business Report June 4, 2024 00:35:00

Restrictions which constrained the growth of the market, but frankly since 2017 the market for automobiles has not been a global market, it pete that year at 28.9 million, last year was 26.9 million so the demand has gone down and in particular the shift to electrification has caused the gasoline powered vehicles to decline significantly. that puts a lot of pressure on the factories that appeared up to sell those vehicles and if you can t sell them in china, the outlook for other markets. them in china, the outlook for other markets. you mentioned the shift to other markets. you mentioned the shift to electric other markets. you mentioned the shift to electric cars - other markets. you mentioned the shift to electric cars so - the shift to electric cars so does that mean the majority of those cars exported are still combustion engines?- those cars exported are still combustion engines? more than three quarters. combustion engines? more than three quarters. i combustion engines ....

Sit Pete , 28 9 Million , 126 9 Million , Combustion Engines , Electric Cars ,

BBCNEWS Asia Business Report June 4, 2024 01:39:00

Not been a growth market, it peaked that year at 28.9 million, last year was 26.9 million so the demand has gone down and in particular the shift to electrification has caused the gasoline powered vehicles to decline significantly. are geared up to sell those vehicles and if you can t sell them in china, the outlook for other markets. you mentioned the shift to electric cars so does that mean the majority of those cars exported are still combustion engines? more than three quarters. i think the world is waiting for the affordable chinese evs to arrive but before that happens you ll get a lot of affordable gasoline powered vehicles. seven of the top ten chinese exporters are state owned, not ev disruptors. byd, arguably the most ....

Growth Market , 126 9 Million , 28 9 Million , Electric Cars , Ev Disruptors ,

BBCNEWS Asia Business Report June 4, 2024 23:36:00

Unemployment rate among youth, that could affect car sales going forward step bill that is certainly a drag on demand. last year we had supply chain restrictions, which constrained the growth in the market, but frankly, since 2017, the market for automobiles has not been a growth market, it peaked that year at 28.9 million units, and last year 26.9 million. so the demand has gone down, in particular the shift to electrification has caused the gasoline powered vehicles to decline significantly. that puts a lot of pressure on the factories that are geared up to sell those types of vehicles, and if he cancel them to china,. you mention a shift towards electric cars. does that mean that meant the majority of those cars exported are still combustion engines? more than three quarters. the world is kind of waiting for the affordable chinese cars to arrive, but it before that ....

Unemployment Rate , Supply Chain Restrictions , Car Sales , Drag On Demand , Growth Market , 28 9 Million , 126 9 Million , Electric Vehicles ,