{"id":39876,"date":"2024-02-01T14:02:48","date_gmt":"2024-02-01T13:02:48","guid":{"rendered":"https:\/\/www.berylls.com\/?p=39876"},"modified":"2025-08-13T10:46:42","modified_gmt":"2025-08-13T08:46:42","slug":"quo-vadis-china-2024-a-rat-race-with-no-end-in-sight","status":"publish","type":"post","link":"https:\/\/www.berylls.com\/en\/quo-vadis-china-2024-a-rat-race-with-no-end-in-sight\/","title":{"rendered":"Quo Vadis, China 2024 – A rat race with no end in sight"},"content":{"rendered":"\t\t
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Quo Vadis, China 2024 – A rat race with no end in sight<\/h1>\n\n Munich, February 2024<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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023 was a highly turbulent year for the Chineseauto market, which saw it engulfed in a viciouscircle \u2013 a \u201crat race\u201d with no end in sight and pricewars as the weapons of choice.<\/p>\n\n <\/div>\n\n \n\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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In the following insight report, we want to explore this rat race in greater detail and provide an outlook for 2024, including the challenges that lie ahead as well as the focal points of foreign OEMs in the highly complex Chinese market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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RECAP 2023

<\/strong><\/h2>

\u201c\u5377\u201d or the involution of the Chinese auto market Overall performance<\/strong><\/p>

The term \u201c\u5377\u201d (spelled \u201cJu\u01cen\u201d in Chinese Pinyin) was undoubtedly the prevailing expression in the Chinese automotive market in 2023. It is understood to mean \u201cinvolution\u201d or \u201crat race,\u201d depicting a scenario in which all market participants are entangled in an intense battle for market share with no foreseeable conclusion.<\/p>

And that exactly describes the Chinese auto market with the emergence of a price war as the ultimate solution, while favorable governmental subsidies are on the way out \u2013 a vicious circle<\/p>

Curious? Download the full insight now!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Insight download and author information\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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