Auto Shanghai 2019: German carmakers look to expand in China |
April 16, 2019
1 min read
Despite a mixed mood at the 2019 Shanghai Auto Show, German carmaker Volkswagen now sells every second car in China, and BMW is also looking at expanding its investment. Both VW and BMW are focusing on electric and self-driving cars. But the fat years with double-digit growth rates for the car industry in China are over for the time being. Sales fell for the first time in 2018, and last March sales plummeted. Mass manufacturers such as Volkswagen, the market leader, have been hardest hit.