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Auto industry gets smart, adapts to market changes


Auto industry gets smart, adapts to market changes
By Edward Tse and Bill Russo |
China Daily Global |
Updated: 2021-04-14 09:23
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An Audi R8 attracts attention at the Shanghai auto show in 2019. [Photo by Li Fusheng/China Daily]
While auto sales in China suffered a significant drop of 42.4 percent in the first quarter of 2020, they have steadily rebounded and, in 2020, exceeded 25 million units, accounting for 33 percent of the world's auto sales.
The Chinese government has made development of new energy vehicles a priority for the country. In September, President Xi Jinping announced the plan to have the country's CO2 emissions peak before 2030, and to achieve carbon neutrality by 2060.

Guangzhou , Guangdong , China , Changsha , Hunan , Shanghai , Zhejiang , Beijing , Xiaomi , Fujian , Yangshan , Anhui

Auto industry gets smart, adapts to market changes

Auto industry gets smart, adapts to market changes
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

Guangzhou , Guangdong , China , Changsha , Hunan , Shanghai , Zhejiang , Beijing , Xiaomi , Fujian , Yangshan , Anhui

Auto industry gets smart, adapts to market changes

Auto industry gets smart, adapts to market changes
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

Guangzhou , Guangdong , China , Changsha , Hunan , Shanghai , Zhejiang , Beijing , Xiaomi , Fujian , Yangshan , Anhui