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