As awareness increases, Chinese consumers are taking to electric vehicles. But just how evolved is the Chinese electric car industry?
The slowing auto market is reshaping the automobile industry in China.
This week, the BYD stock price fell sharply, as did Geely’s; Baidu invested in ride-sharing company Uber; and China’s factory activity slowed further.
A look at how Chinese outbound investment in auto is rising and how marquee brands like Volvo Cars and Manganese Bronze now belong to Chinese companies.
Chinese car maker BYD is finding it tough to shift from imitation to innovation. It used to take a cheeky sense of pride in copying, then beating much bigger rivals. Low costs and imitation made BYD one of China’s top five carmakers in an incredibly short space of time, even inviting a high-profile $232-million […]