South China Morning Post (January 5)
“More than 30,000 car dealers in mainland China are facing another bleak year in 2025, with many turning from profit-generators into corporate failures in two years under a debilitating price war and an e-commerce onslaught.” Amid the switch to EVs, price wars “resulted in 177.6 billion yuan (US$24.3 billion) of losses between January and November” with the “financial squeeze” blamed for the closure of approximately 4,000 dealerships.
Tags: 2025, Bleak, Cars, China, Closure, Corporate failures, Dealerships, Debilitating, E-commerce, EV, Financial squeeze, Losses, Price war, Profit-generators
Automotive News (April 16)
“With multiple electric vehicles coming, buyers need a strong charging network to alleviate range anxiety” and so Porsche now “plans to have at least 500 fast chargers available at dealership and highway locations across the U.S. by the end of 2019.” Porsche expects to have one electric vehicle (EV) on sale by that time and another “is planned for deliveries in 2020.” In addition, the car maker is considering “EV variants of established models such as the Macan, Panamera and Cayenne.”
Tags: Cayenne, Charging network, Dealerships, EVs, Macan, Panamera, Porsche, Range anxiety, U.S.
