Their comeback deserves study. They were on the ropes not too long ago. Wuling's total collapse surprised me.Nio is selling like crazy.
Among the foreign automakers, the remaining Japanese players do ok. Only Honda does badly. Seems ICE buyers in China have strong brand loyalty to foreign brands in a way that EV buyers do not. If foreign OEMs don't start selling competitive EVs soon this will be their final honeymoon, because ICE sales will start crashing towards <10% by early next decade, if not sooner.