Volkswagen, General Motors and other big brands are losing their grip on a once-lucrative market as Chinese consumers embrace homegrown electric vehicles.
Related Posts
Siemens Energy Keeps Guidance as Loss Narrows
Siemens Energy reported a reduced net loss for the third quarter as revenue rose 19%, with its wind unit continuing to recover following restructuring efforts.
Uniqlo Owner Raises Profit View
The Japanese owner of the Uniqlo clothing brand said fiscal-year profit is forecast to rise 23% on strong overseas growth and the yen’s depreciation.
XPeng Loss Narrows on Higher Sales
XPeng’s second-quarter net loss narrowed on stronger sales, higher revenue from its collaboration with Volkswagen and improved margins.