We understand the cycles of the auto market and that the amplitude of those cycles changes from time to time.

The company wants to take advantage of demand for electric vehicles in the world's biggest auto market.

Sales for the first half-year were slower than expected, affected by the contraction of the domestic auto market and price increases, but improved in subsequent months with an expanded lineup.

The interest-sensitive housing and auto markets are slowing as higher rates make it more expensive for consumers to buy homes and vehicles.

Emerging auto markets already buy more cars than established markets.