The Chinese MPV market is saturated, the competition fierce and the products started to look alike. However, we realized mid-/high-end market above 27,500 USD shows the signs of sustained growth. The slowdown is in low-end market, said GWM Wey CPO.
Haval H5 was a compact SUV under the Haval brand, based on Great Wall Motors' pickup platform. However, its sales performance was unsatisfactory and the series was discontinued in 2018.
At present, whether BYD violates the regulations still needs to be identified by the regulatory authorities. If the charges are established, BYD could face a massive recall and fines.
By continents, Chinese vehicles are mainly exported to:
- Africa: Egypt and South Africa
- Asia: Saudi Arabia, India, Thailand, and Vietnam
- Europe: Russia and the UK
- North America: USA, Mexico, and the Caribbean
- South America: Brazil, Chile, Peru, and Ecuador