Global auto companies eye opportunities in China's market

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Global auto companies eye opportunities in China's market

STORY: Global auto companies eye opportunities in China's market DATELINE: July 17, 2022 LENGTH: 00:02:07 LOCATION: CHANGCHUN, China CATEGORY: ECONOMY SHOTLIST: 1. various of the expo 2. various of manufacture of vehicles STORYLINE: As China's automobile market recovers gradually from a slump earlier this year, global auto companies are ramping up investment to grasp opportunities in the world's largest auto market. The ongoing 19th China (Changchun) International Automobile Expo held in Changchun, the capital of northeast China's Jilin Province, sees a total of 155 domestic and overseas automobile brands and 128 enterprises register for the exhibition. Leading auto companies and more than 10 new energy vehicle (NEV) brands are displaying their latest and highlighted models. Since the beginning of this year, global auto companies including Audi, BMW, and Volkswagen have been speeding up their expansion in China and launching a number of large NEV projects. Audi FAW NEV project, with an investment of ov

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