Teslas sales (in China) have dropped over the past few months because of high price caused by the tariffs. And the competition is getting more and more fierce, said Alan Kang, Shanghai-based analyst for consultancy LMC Automotive.
Date: Jan 07, 2019
Category: Headlines
Source: Google
China factory activity shrinks for first time in over 2 years, 2019 looks tougher
Last December we saw overall China carmakers capacity utilization rate at around 56 percent, but now we estimate it is roughly 50 percent, Shanghai-based senior analyst Alan Kang at LMC Automotive told Reuters. Carmakers in general are cutting production.
Date: Dec 31, 2018
Category: Headlines
Source: Google
Ford slides deeper into China rut after worst ever first half vehicle sales
LMC Automotive senior market analyst Alan Kang said one reason Ford is struggling in China is fiercer competition in the car market there, where luxury brands are suffering amid the rise of local Chinese brands.