Automakers Volkswagen and Toyota have further lost ground in China. The market share of VW joint ventures FAW and SAIC shrank from 14.8 percent to 14.2 percent last year, according to the China Passenger Car Association (CPCA) on Wednesday. Toyota’s Chinese joint ventures with GAC and FAW together accounted for a share of 7.9 percent, compared to 8.6 percent in 2022.