I was making a distinction between the mid-range models and luxury models. The latter will continue to cash in; the former, I have read, may be on their way out of the PRC, which is apparently determined to build their own cars.
I am for certain NOT an expert on this topic and I would be pleased to learn more.
Foreign luxury cars are a status symbol in all East Asian societies (JP, KR, TW, HK/MO and China), since they cost so much more than the others due to the import duties/taxes and generally are believed to be of better quality of domestic products.
So yes, foreign luxury models will keep selling well in China until the government put restrictions on them or start nationalistic campaigns.
I know this is confirmation bias for me, but yeah, I see China as overextended. They’re getting pushback from multiple angles and their collective spirit needs a win.
FAFO
Far from being astride the globe, the “China Dream” globally—China’s economic power, political attraction, and standing—are all eroding. Several key indicators reveal that, in the epic clash with the United States and the “collective West,” China is weaker than at any time in the last ten years.
Brave words and boasts are required when authoritarian leaders need to use nationalism to stay in power at home. But they need not be swallowed whole by outside observers in the face of contrary evidence, nor by policymakers trying to ensure that the new Cold War stays cold.