China auto sales: Purchases fall in July for 10th straight month amid weak consumer spending
China's car sales are down for a 10th straight month, with weak consumer spending continuing to weigh on the world's largest auto market. Domestic sales dropped 21 per cent in July from a year earlier to around 1.5 million vehicles. Meanwhile China's car makers are racing to stay ahead in a slowing domestic market. They are no longer just competing on price; they are turning to artificial intelligence (AI) to stand out. CNA's Krystal Chia sat down with the CEO of InfiMotion Tech, the company behind the electric drive systems of Geely and Volvo, and asked him how exactly they are using AI.
China's car sales are down for a 10th straight month, with weak consumer spending continuing to weigh on the world's largest auto market. Domestic sales dropped 21 per cent in July from a year earlier to around 1.5 million vehicles. Meanwhile China's car makers are racing to stay ahead in a slowing domestic market. They are no longer just competing on price; they are turning to artificial intelligence (AI) to stand out. CNA's Krystal Chia sat down with the CEO of InfiMotion Tech, the company behind the electric drive systems of Geely and Volvo, and asked him how exactly they are using AI.
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