Even Porsche can’t find its lane in China as foreign automaker sales skid
The 1,548-hp Xiaomi SU7 Ultra (pictured) is priced from 529,900 yuan ($72,591) in China, while the least expensive Porsche 911 with 394-hp sells for 1.468 million yuan, or $201,170. (XIAOMI)
Automakers and dealers that are in states adopting California’s Advanced Clean Cars II rule – which sets ambitious, annually escalating ZEV sales mandates and threatens stiff penalties for noncompliance – face a daunting challenge