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Carmaking's Conundrum & China's Choppy Challenge
European carmakers face falling consumer demand plus surging Chinese competition, losing 2 million annual registrations since 2019. Chinese brands now hold 11% of the European Union market, up from 2% in 2024. Parts suppliers have lost over 100,000 jobs, facing potential relocation to cheaper labour markets. Industry leaders report no clear solutions for these structural challenges.
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