Heard that the Chinese are introducing TEN new brands to the European market. CEO's from many of the legacy automakers were at the Shanghai Auto Show and were blown away by the quality of the Chinese EV's. The European brands are suffering big-time in China as they have been too slow to adapt and deliver EV's at an affordable price, so they are being shut out in China. Now the Chinese are coming for Europe. We could see the end of Audi, or even--shockingly--BMW and Mercedes. I expect the Europeans to enact some significant trade barriers in short order. Globalism is dead
www.brusselstimes.com
European car manufacturers risk being 'crushed' by Chinese competition
Europe could be forced to massively reduce its production capacity if competition with China becomes too fierce.
www.brusselstimes.com
