Foreign car companies bet on technology to hang onto once-lucrative China auto market

Key Points

Foreign automakers have seen sales slump by up to two-thirds in the world’s largest car market since the pandemic.
U.S., Korean and German brands rushed to announce a new lineup of models at the Beijing auto show, incorporating Chinese technology in a bid to win back buyers.
Up to 15 cars are launched each month in China, meaning companies need an evolving lineup of fresh models.

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