NIO Q1 Revenue Drop & Model Sales Plunge
The SUV market in the C/D segment in China has been developing at a rapid pace in recent years, showing a growth rate of more than two digits each year from 2020 to 2024. It is estimated that the total…
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Porsche China Sales Decline & Luxury Shift
In the current market dominated by new energy vehicles, Porsche’s retail volume in China has declined YoY for two consecutive years, with a further drop of 32% in 2024. In the Chinese market in 2024, Porsche SUV retail volume declined…