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مأرب برس
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The automotive market in China is experiencing significant declines in 2023, with sales dropping by 45% during the first ten months of the year. Approximately 7.2 million vehicles were sold compared to 13.1 million units in the same period of the previous year. This decline is due to a slowdown in demand caused by rising car prices and economic pressures, which have led to a decreased local demand for new vehicles. Additionally, growth in the electric and electronic vehicle sectors has slowed considerably, with sales decreasing by about 20% compared to last year, and further declines are expected through the end of 2026. The Chinese government plans to introduce measures to support the market and stimulate demand, focusing on tax reductions and providing incentives for buyers in the coming years.
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