text: **Succeeding Despite Growing Competition**
  
  of our products. We’re also planning to export these models 
  
  to Africa, South America, and the Middle East. 
  
  Two or three years ago, the passenger vehicle market 
  
  in China was a seller’s market. That reversed during the last 
  
  half of the year, influenced by macroeconomic controls and 
  
  more products coming onto the market. As a result, most 
  
  automakers entered into a price war. We stayed out of that 