Beijing autoshow: Demand rebound, EV boom mix with murky outlook
By Yilei Sun and Brenda Goh
BEIJING (Reuters) – China’s auto market has rebounded properly from the COVID-19 crash in newest months, notably for high-end automobiles, nevertheless questions in regards to the sturdiness of that restoration hung over the Beijing autoshow that started on Saturday.
A unusual commerce event being held in particular person by the pandemic, the current marks a triumph for the world’s biggest vehicle market, pummelled from late last yr as lockdowns froze monetary train throughout the nation the place the sickness erupted.
However, this current will probably be a far cry from the identical previous ebullience as fewer attend, new fashions are scant and prospects keep not sure.
Among the sensible spots: the Chinese market’s sharp bounce since April, sturdy demand for midsize to massive luxurious vehicles and a flood of curiosity – and funding – in …