BBC News – World
·world
·2 hours ago
The world's carmakers are struggling to compete with China
Global carmakers are losing ground to Chinese rivals in electric vehicles, batteries, design and software, with foreign brands' market share in China falling from 64% in 2020 to 32% this year. Honda and Ford executives warn Western manufacturers face existential competition as Chinese companies like BYD, XPeng and Xiaomi innovate faster through intense domestic rivalry and state-backed investment.
Summary by Glance · BBC News – World
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