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Demand for gas-powered vehicles push sales of made-in-China cars to a record high
By
Selina Cheng
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Updated Jan. 9, 2024 7:27 am ET
China is now the world’s largest auto exporter with Russia becoming its biggest buyer this year. WSJ explains how Chinese car brands profited from Moscow’s invasion of Ukraine and Western sanctions. Illustration: Kalvin Ng
HONG KONG—China’s overseas auto sales surged to a record last year, on track to surpass Japan as the world’s biggest car exporter and marking a tectonic shift for the global industry.
While China has become acknowledged as a world leader in electric vehicles, traditional gas-powered autos were the main driver of the increase, with demand surging especially in Russia.
If it's never gonna happen, why are you waisting your time saying so every 5 minutes?
By spending all this effort, it's clear you are dreading the inevitable asset sale. Keep posting as the day is close when you become redundant 😁
Vast Deep Dive Conducted from 2019 - present day. Factual summary of most relevant RNS'.
Please feel free to correct any inaccurate information or provide further missed context on both sides.
This will likely stir up some debates and just like the COPL and PREM one I conducted, they are there for balance and based on a timeline of events. I hold no shares and only do this to help shareholders get a proper understanding.
If the sale happens before the end of the war then we will do well to get 50p.
Though 2024 will be the year the war ends and in that scenario sale, will definitely be north of 50p. For Ukraine's sake I hope it's via a peace deal rather than surrender.
Looks good to me:
https://yellowjerseypr.com/endorsements/