CategoryChina

As sales slow, global automakers reset China strategy for long haul

Lyriq
A Cadillac Lyriq concept EV, powered by GM's Ultium batteries, at the 2021 Shanghai auto show. GM has sold more than 12,000 Ultium-based EVs in China since the first model, the Lyriq, went on sale a year ago. In June, GM cut the price of the Lyriq crossover by 14 percent in China. (BLOOMBERG)
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By:
ZHANG YAN
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By:
BRENDA GOH
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By:
Reuters
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July 28, 2023 01:12 PM