Foreign car JVs face bleak future

Major player: The electric BYD Seal car is presented at the Paris auto show. Homegrown marques – led by BYD Co – accounted for almost 80% of EV sales in the first seven months of 2022, according to China’s Passenger Car Association. — AFP

SHANGHAI: A slow rollout of electric cars and continued adherence to internal combustion engine models is putting some of the world’s biggest automakers on the back foot in China, the largest market for cleaner vehicles.

Among the joint ventures (JVs) of major international players, 10 are at the bottom, ranking worst in terms of combustion-engine sales, according to CMB International Capital Corp and using data from the China Association of Automobile Manufacturers.