China poses a "very significant" competitive challenge to German carmakers, the head of luxury carmaker BMW's new Hungarian plant said on Wednesday, with Chinese rival BYD soon to start production in the country.
German carmaker BMW posted a higher-than-forecast profit margin in its core car business in the third quarter despite import tariffs in the U.S. and EU and intense competition in China, the company said on Wednesday.
A stand-off between China and the Netherlands over chipmaker Nexperia could significantly disrupt automotive production in the near future, Germany's VDA industry association said on Tuesday.
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