The largest automotive group in the world is leaving China, after the failure that illuminates the notices of other brands: the Chinese now affect only their models

Stellantide leaves the Asian giant, following in the footsteps of Mitsubishi and Volkswagen

The automotive industry in China is experiencing a crucial moment, since what once seemed to be a golden mine for traditional car manufacturers is becoming a real nightmare, illuminating the notice on dozens of producers.

This is the case of Mitsubishi, who has decided to completely retire from the Chinese automotive market despite having operated in the country for over 20 years. The drop in sales and an accelerated transformation of the Chinese industry led to this result.

The story of Mitsubishi in China began in 1998, when she collaborated with Shenyang Aerospace Mit. Motor. MFG In 2012, he signed a joint venture with Gac, which led to annual sales of over 144,000 units, in particular from the outlander model.

This story is very similar to that of Stellantide, which, in number of brands, is the largest automotive group in the world and recently declared the failure on the Chinese market after an uncontrollable drop in sales. It is interesting to note that the global automotive group has also had an alliance with GAC, but this does not mean that Chinese society is responsible for bankruptcy, since Mitsubishi and Stellantis are not the only ones in trouble.

Volkswagen has recently announced the closure of the Nanjing factory in China, which has been operating since 2008 in collaboration with Saic Motor and was mainly used to produce Chinese Passat and different Skoda models, also regulated to Asian tastes.

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Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.