Chinese automakers are set to take the top spot in global new vehicle sales for the first time in 2025, knocking Japanese players, which held the position for more than 20 years, to second place.
Japan’s lead over China – which stood at around 8 million units in 2022 – has been erased in just three years.
I completely agree with everything you said, it’s an unfortunate situation but unfortunately no government is really equipped to be able to compete against nationalized undercutting. And it’s really a responsibility moreso at that level, rather than at the individual level since everyone around the world these days is getting squeezed financially.