Decline of market share of independent brands is an inevitable stage of automobile development

Recently, the China Automobile Association released the May automobile production and sales data. In May, the sales of passenger cars decreased slightly from the previous month, but the year-on-year growth was significant. From January to May, the sales growth of passenger vehicles continued to increase slightly from the previous April, but the performance of the Chinese brand market remained sluggish. This has fallen for the last nine consecutive months. Su Hui, deputy secretary-general of the China Automobile Dealers Association, chairman of the tangible automobile branch, said in a video interview with Chinanews.com that it is not terrible for an independent brand to have an objective fall. Any country, including European countries, has such a stage. As a representative of self-owned brand car companies, Prof. Lin Yi, Deputy Chief Engineer of BAIC Group also agreed that it is a phased state in the overall automotive development trend. Su Hui believes that the continuous decline in the market share of self-owned brands is an inevitable stage of the automobile society. All countries must go through this process if they want to develop local brands or independent brands. All aspects of technology, R&D, and materials include electric vehicles. . . .