Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world’s biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention.
Total auto sales in China reached 24.6 million last year, making it a crucial market for foreign manufacturers as well as domestic brands, but that represented growth of just 4.7 percent, down from 6.9 percent in 2014, data from industry group China Association of Automobile Manufacturers (CAAM) showed.
