China to reorganize state-owned carmakers to improve prospects, profits

Chinese EVs — Electric vehicles at a port in Hangzhou, Zhejiang province, China. The central government’s move to improve the competitiveness of state-owned automakers comes at a time when China’s vehicle industry is struggling with intense price competition and the threat of additional tariffs from the U.S. (BLOOMBERG)

March 31, 2025 03:05 PM

The Chinese government is planning to steer possible mergers and a sweeping restructuring among China’s state-owned automakers amid broad challenges in the market.

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