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China Vehicle Sales Crashing - Joe Blogs
In this video I discuss the recent fall in sales of Chinese vehicles in China which were down 12% year on year in January, the biggest fall for almost 12 months. In addition to the fall in sales the sale of traditional vehicles outstripped electric vehicles for the second consecutive month. These developments are highly concerning for China as the Motor Industry is now one of the largest contributors to GDP and the industry has geared up for a continual growth in sales. In addition the USA and the European Union recently imposed additional TARIFFS for Chinese Electric Vehicles which represents more bad news for the Chinese Motor Industry and the Chinese Economy.
Chapters:
0:00 Intro
3:08 PRICE WAR
5:29 PROFIT MARGIN
7:09 VEHICLE SALES
8:55 ELECTRIC VEHICLES
10:25 CHINA EV'S
12:32 SUMMARY & CONCLUSION