Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China's Automobile Industry Is OVER! Famous Foreign Auto Brands Flee From China" video.

  1. 00:00 GAC Toyota announced layoffs of 1,000-2,000 employees in Guangzhou. Sales in the Chinese auto market are decreasing and inventory warning index is rising. Changan Ford reduced its production capacity and GAC Mitsubishi ended operations in the Chinese market. 🚗 Foreign car companies are withdrawing from the Chinese market due to weak demand, fierce competition, and continuous losses. 🚗 The Chinese auto industry is facing challenges with dealers struggling to meet inventory targets and many 4S stores closing down, while the quality of some Chinese car models is disappointing. 05:51 Only 20% of dealers have met the inventory targets assigned by car manufacturers, leading to financial pressure and fines. 5,519 4S stores have closed in China since the start of the pandemic, with an additional 2,000 stores closing this year. Some Chinese car models, like the BYD Song Champion Edition and BYD Han, have quality issues such as veering to the right and self-destructing batteries. 📉 BYD's recent stock market performance and public moves are raising market concerns about its future. 12:33 BYD's stock price did not respond to market improvement, suggesting institutional investors may have reduced their holdings. BYD demanded damages from an automotive blogger, indicating potential internal issues. Consumer feedback on BYD cars is poor and the company's public image is declining.
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