China Auto Thread

I don't see how much longer GM can stay in China when its selling 15k vehicles a month & its over 2 million in capacity.
GM has a lot of overcapacity
 
GAC Aug report:
Toyota down 3% production & 21% sales YoY
Honda down 28% production & 23% sales YoY

Trumpchi down 16% production & 27% sales YoY
Legacy automaker in China that rely on JVs are in huge trouble, but especially the Japanese ones.

Soon 35 percent foreign auto sale in China will shrink to 20% hopefully within the next 10 years.
 

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The cause is because of NMC battery.

This type of battery causes more than 95% of fires.

Korean cars use this kind of battery, as do the old model of Tesla.
 

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