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- The Chinese auto market continues to have great potential. However, there is growing concern that the influx of foreign luxury vehicles is detrimental to domestic brands. The China Association of Automobile Manufacturers says Chinese brands will be squeezed if the government allows foreign automakers to become more independent from their domestic partners. - Source: Internet
- Getting into the luxury car category in China is no easy feat. Many companies face problems in this market because aspects such as branding and brand reliability are often overlooked by these car manufacturers. Many brands don’t try to fully understand the real needs of consumers. - Source: Internet
- The automobile market in China is attracting huge investments from domestic and foreign companies. The boom in the market has been fueled by sales of cheap local vehicles, but recently the luxury car market has also taken off. By now, most major luxury brands see China as the fastest-growing market, and often the largest in which to expand. Due to strong demand, all major luxury vehicle manufacturers, including Mercedes-Benz, BMW, and Audi, reported positive data. - Source: Internet
- Given the use that the Chinese make of it, social media is a great way to promote your products in China. The two most used social media to look for luxury cars in China are WeChat (monthly active users 1.2 billion), Weibo (520 million monthly active users), Douyin (475 million monthly active users), Xiaohongshu (100 million monthly active users). - Source: Internet
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