Chinese car makers seek ways to stimulate growth
Chinese car makers are responding to declining sales by increasing exports and developing artificial intelligence (AI) systems for their cars, executives said at the Global Automotive Forum in Chongqing. Chongqing Changan Automobile seeks to double sales to 6 million vehicles and have a fully autonomous vehicle on the road by 2025 through partnerships with Silicon Valley start-ups with AI expertise and Chinese internet search firm Baidu, vice-president Yuan Mingxue said. Meanwhile, Guangzhou Automobile aims to have exports account for 10% of sales volume for its Trumpchi marque in 2020.

CHONGQING -- At the Global Automotive Forum that kicked off here Wednesday, executives at top Chinese automakers discussed how to engineer continued growth in a maturing market.

Though new-car sales volume in China rose by double digits in 2016, factors such as reduced tax incentives for small cars have sparked concerns about whether this will continue, with a sales decline in April adding fuel to the fire.