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U.S. Automakers in China: From GM's 2017 Peak to the BYD-NIO-Xiaomi Reversal

The U.S. automaker presence in China has collapsed in less than a decade. GM's China sales down materially from the 2017 peak. Ford has retreated. Tesla under pressure. And BYD, NIO, Xpeng, and Xiaomi Auto are now the structural threat to Western automakers' global business.