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In the Chinese market, Japan, US and European foreign carmakers are clearly in a slump. Honda and Nissan’s sales decline in 2023 exceeds the decline in China’s domestic fuel passenger car market. In the field of pure electric vehicles (EV) and other “new energy vehicles” are trapped in the passive. Fuel vehicles are also affected by price competition with Chinese companies, making it difficult to earn the capital needed for future investment. The plight of each automaker is deepening as they push forward with the transition to EVs....
