European policymakers have watched Chinese carmakers roll in like a slow but unstoppable tide over the past few years: affordable, polished and threatening one of the continent’s proudest industrial legacies. Many have warned about the dismantling of their automotive prides following the new China shock. A crown jewel of Europe’s industrial output, the automotive sector represents directly and indirectly a total of more than 13 million jobs in the EU. It was no accident that electric vehicles...
For decades, Western carmakers complained that China forced them to hand over technology in exchange for access to the world’s largest auto market. Now the tables have turned. As Chinese carmakers capture global market share with cheaper, high-quality electric vehicles, countries including Canada and members of the European Union are embracing a “reverse tech transfer” strategy – by seeking Chinese investment and technology to strengthen their own industries. The United States, however, is...
China's self-driving car firms have been given a headstart by the country's EV supply chain as they expand globally.