STORY: China's largest auto show opened in Beijing on Friday...
with tech giant Huawei and China's largest vehicle exporter Chery Automobile showcasing their latest EVs.
Chinese automakers are increasingly partnering with Huawei to lift car sales and improve factory utilization.
It's following its success in reviving Seres with the 2021 launch of the Aito brand.
Data showed Aito in 2024 outpaced German automakers including BMW, Mercedes-Benz, and Audi in China's market...
for all fuel-type vehicles priced above $72,500.
The world's second-largest economy is home to the world's biggest and most advanced car market.
But a multi-year price war has left the country with a surplus of vehicles.
It includes electric ones mass-produced by companies that are unknown in the West.
Car sales in China fell by 18% in the first quarter from a year earlier and are expected to remain flat or down for the foreseeable future.
The global car market has come into focus of late.
Analysts and industry watchers say foreign markets offer the promise of higher margins and meaningful growth in sales volume.
Overall vehicle exports from China, including cars and commercial vehicles, are expected to grow 4% this year.
That was according to a forecast from the China Association of Automobile Manufacturers.
