VW, Toyota saw China market share shrink in 2023: industry association
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Data shows VW, Toyota lose market share in 2023
January 10, 2024 8:22 AM ESTIn the latest industry data out of China revealed on Wednesday, Volkswagen and Toyota Motor (NYSE: TM)) witnessed a decline in their share of the world's largest auto market. This decrease occurred as established global carmakers yielded ground to their Chinese counterparts.
Specifically, VW's two joint ventures in China with FAW and SAIC collectively held a 14.2% share in sales for the year 2023. This figure marks a decrease from their... More
