Asleep at the Wheel ...Middle East

The car industry is fulfilling Chinese President Xi Jinping’s 2014 ambition to transform the country into “an automobile power.” Domestic and foreign manufacturers in China produced and exported more cars than any other country in the world in 2023. Chinese companies also produce and export billions of dollars of parts used by global carmakers, from electric vehicle batteries to alloy wheels. Many of the industry’s biggest brands, including BYD, General Motors, Tesla, Toyota, and Volkswagen, use China as a manufacturing and supplier base, a vital sales market, or both. Cars made in China are increasingly on the streets of Brussels, London, Mexico City, Sydney, and even New York. But while

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Last updated : 01 February 2024 clock 01:17 PM

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Asleep at the Wheel ...Middle East

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