After 20 Years, China’s Auto Sales Sputter Into Reverse

The video discusses the contraction in China's car sales starting mid-2018, with predictions of further decline in 2019. Economic factors, including the US-China trade war, are contributing to negative market sentiments. Despite this, Chinese auto stocks are rising due to potential government stimulus. Elon Musk's visit to China and Tesla's new factory in Shanghai are highlighted, with hopes for Tesla's success in the Chinese market. The video also emphasizes China's significant role in the global electric vehicle market, expected to consume over 50% of global EV sales by 2020.

What was the percentage drop in China's car sales for the year 2018?

• 10%

• 8%

• 6%

• 4%

Which two major factors are contributing to the decline in China's auto industry?

• US-China trade war and rising oil prices

• US-China trade war and global recession

• Global recession and rising oil prices

• China's slowing economic growth and US-China trade war

What unexpected market reaction occurred despite the decline in China's auto sales?

• Increase in China-related auto stocks

• Decrease in US auto stocks

• Decrease in European auto stocks

• Stability in global auto stocks

What significant step did Tesla take in China as part of its expansion?

• Broke ground on a new factory in Shanghai

• Launched a new car model

• Partnered with a local Chinese automaker

• Opened a new sales office

By 2020, what percentage of the world's global EV sales is China expected to consume?

• 30%

• 50%

• 60%

• 40%