China’s surging auto industry doesn’t signal a global takeover
via bloomberg.com
Short excerpt below. Read at the original source.
China’s carmakers were responsible for 21 percent of global sales in 2024, according to consulting group AlixPartners. They are projected to account for 30 percent in 2030. China, already the world’s largest automobile market, “has overtaken Detroit as the center of the global auto industry,” writes the New York Times. The country’s manufacturers are not stopping there, however. […]