The Chinese market is the largest, by about 40%, in the world. This means the idea the other markets ar running things is not accurate.
In this video I discuss why the Chinese are such a threat and how legacy auto simply cannot compete. This is more than EVs although that is part of the equation.
▶️ 3Speak
I think the Chinese is always a threat in any market. Their low labor costs which results in lower priced items are usually enough to skew things to their favor. Their large consumer base also means that they have a lot buying their own products. If they can lower the cost of charging further, I don't think legacy auto has any chance.
No. That is what protectionism seeks to prevent. However, ultimately it never works especially as we are moving towards more automation.
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I won't be outraged if I can buy a used car cheaper (but not a Chinese one) and I'll say to the Chinese auto industry for that: Thank you! :)
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