- Chinese automakers have their sights set on world domination.
- That’s bad news for European automakers like Volkswagen, Mercedes-Benz, and BMW.
- Eventually, they will pressure US-based car companies like Ford and GM.
Chinese automakers have their sights set on world domination. With their recent push into Europe, experts say companies like Volkswagen, Mercedes-Benz, and BMW should be nervous.
The Chinese auto industry has been booming in recent years. Chinese EV companies are expected to outsell foreign brands there, including Ford, GM, and others, for the first time this year. As other global automakers’ market share falls in China, homegrown players are expected to continue an upward trajectory for the foreseeable future.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased