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flag Automakers once thriving during the pandemic now face layoffs and closures amid increased Chinese competition.

flag Automakers who benefited during the pandemic are now facing challenges like layoffs and factory closures. flag Companies like Nissan, Volkswagen, and Stellantis are struggling due to a return to a stable market, technological transitions, and increased competition from fast-growing Chinese carmakers like BYD and Chery, who offer high-quality vehicles at lower prices. flag German carmakers have seen significant sales declines in China, and American companies like General Motors are also affected.

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