China's car sales extend slide as shift accelerates to overseas markets

China's car sales fell 21.1% in July — the 10th straight monthly decline — underscoring weak domestic demand.
Exports jumped 88.2% in July, with EV and plug-in hybrid shipments up 147.8%, as automakers push into Europe, Southeast Asia, Latin America and the Middle East.
Mixed outcomes at home: BYD offset slowing domestic sales with record overseas shipments, while value-focused challengers like Leapmotor are growing by catering to affordability.