Reported 9 days ago
BMW's first-quarter sales fell by 17.2% in China, affected by intense competition from local brands and a property crisis impacting consumer confidence. Other premium carmakers, including Porsche and Mercedes-Benz, also experienced a downturn in China. Despite a global rise in battery-electric car sales, Tesla's market share has decreased amid controversies surrounding its CEO and an aging vehicle lineup.
Source: YAHOO