China car sales fall for 10th month as exports surge

China car sales fall for 10th month as exports surge

China's car sales declined for a 10th consecutive month in July, though the pace eased, while exports grew strongly as automakers expand overseas to offset intense domestic competition. The slump reflects broader economic strains, with sluggish household spending and a shift toward exports. Some firms like Leapmotor thrived, and Geely will build EVs at Ford's Spanish plant.

Source: Reuters

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