The Great Chinese Empire: How China is Destroying the Global Auto Industry
- April 21, 2023
- 0
It seems a little more, and the Chinese will arrange a real monopoly on planet Earth. In any case, the giants of the global automotive industry are already
It seems a little more, and the Chinese will arrange a real monopoly on planet Earth. In any case, the giants of the global automotive industry are already sounding the alarm with might and main, losing positions due to a drop in sales due to a massive attack of “heavenly” brands on the international car market. The AvtoVzglyad portal talks about evolution, which is increasingly reminiscent of degradation.
At the height of the pandemic, the lion’s share of car manufacturers faced incredible and, above all, financial difficulties. In an effort to stay afloat, global concerns one by one shut down production and worked on new developments, reduced product lines and personnel. Meanwhile, the Chinese comrades who “activated” the virus quietly worked out a strategy for conquering the global market.
It seems that it was not in vain that numerous experts exclaimed that the “crown” in the Celestial Empire was artificially and purposefully launched. How else can one explain the fact that global automakers are dying while Chinese, on the contrary, are developing? Yes, so active, as if the crisis was turned on for everyone except China. And another confirmation of this is the XX Shanghai Motor Show, where even the late Henry Ford probably realized that local brands are tearing everything and everyone apart and gaining absolute leadership in important segments of the automotive industry.
The development of Asians is facilitated by advanced technologies, with which they literally bombarded the guests of the main exhibition of achievements in the automotive industry. Self-driving cars, hybrids that can run on electricity and hydrogen at the same time, unified transport ecosystems, smart infrastructure, cloud services and platforms that make it possible to sound from motorcycles to airplanes. Yes, the guys from the Middle Kingdom have something to learn from even the most sophisticated old-timers on the market. But how did the Chinese manage to anticipate progress so incredibly fast? Apparently, the crisis did indeed start in the PRC for the sake of profit and slavery for. Well, commendable – nothing more to say.
The popularity of Made in China products is actively gaining popularity both at home and abroad, displacing the players who once “ruled” the automotive industry. And even a 13 percent drop in sales in the world’s largest market was only noticed by experts and auditors, while the Chinese themselves did not really feel the “failure”. But we saw an increase in the share of local manufacturers, and in several segments, including hybrids and electric cars, which incidentally showed a 22% increase in the first quarter of 2023.
As Bill Russo, the founder of the Automobility consultancy, pointed out, the market is divided and the natives were the clear winners and everyone else the loser. The same GM, Volkswagen, Nissan and Honda lost their positions a lot and lost 40% of their shares in the auto sector, which is why they even began to dump without hesitation. In an attempt to evade pressure from Chinese comrades, American Tesla teamed up with four dozen different car brands to artificially regulate prices, but this “war” only ended in a drop in overall profitability.
Not only do Asians boldly drive foreign competitors from their home markets, they also actively attack foreign competitors. For example, exports from China increased by no less than 83% in the period from January to March 2023. And individual brands have increased the supply of their products to foreign markets dozens of times.
Even in Russia, which had previously not been a priority market for China, Asians almost “gnawed away” a 40% share, which experts forecast could approach 60% by the end of 2023. And according to analysts, in a year and a half every third car sold in our country will be Chinese.
And the Asians spit on the postulate “first you work for the name, and then the name works for you.” Given such a total expansion of the presence of “heavenly” brands and their exorbitant prices, they will not only work, but earn indecently. Moreover, without having to be afraid of competition from other foreign brands, which, as said, will not slowly but surely enter the dustbin of history.
Photo by globallookpress.com
Photo by globallookpress.com
At the height of the pandemic, the lion’s share of car manufacturers faced incredible and, above all, financial difficulties. In an effort to stay afloat, global concerns one by one shut down production and worked on new developments, reduced product lines and personnel. Meanwhile, the Chinese comrades who “activated” the virus quietly worked out a strategy for conquering the global market.
It seems that it was not in vain that numerous experts exclaimed that the “crown” in the Celestial Empire was artificially and purposefully launched. How else can one explain the fact that global automakers are dying while Chinese, on the contrary, are developing? Yes, so active, as if the crisis was turned on for everyone except China. And another confirmation of this is the XX Shanghai Motor Show, where even the late Henry Ford probably realized that local brands are tearing everything and everyone apart and gaining absolute leadership in important segments of the automotive industry.
The development of Asians is facilitated by advanced technologies, with which they literally bombarded the guests of the main exhibition of achievements in the automotive industry. Self-driving cars, hybrids that can run on electricity and hydrogen at the same time, unified transport ecosystems, smart infrastructure, cloud services and platforms that make it possible to sound from motorcycles to airplanes. Yes, the guys from the Middle Kingdom have something to learn from even the most sophisticated old-timers on the market. But how did the Chinese manage to anticipate progress so incredibly fast? Apparently, the crisis in the PRC really started for the sake of profit and slavery for. Well, commendable – nothing more to say.
The popularity of Made in China products is actively gaining popularity both at home and abroad, displacing the players who once “ruled” the automotive industry. And even a 13 percent drop in sales in the world’s largest market was only noticed by experts and auditors, while the Chinese themselves did not really feel the “failure”. But we saw an increase in the share of local manufacturers, and in several segments, including hybrids and electric cars, which incidentally showed a 22% increase in the first quarter of 2023.
As Bill Russo, the founder of the Automobility consultancy, pointed out, the market is divided and the natives were the clear winners and everyone else the loser. The same GM, Volkswagen, Nissan and Honda lost their positions a lot and lost 40% of their shares in the auto sector, which is why they even began to dump without hesitation. In an attempt to evade pressure from Chinese comrades, American Tesla teamed up with four dozen different car brands to artificially regulate prices, but this “war” only ended in a drop in overall profitability.
Not only do Asians boldly drive foreign competitors from their home markets, they also actively attack foreign competitors. For example, exports from China increased by no less than 83% in the period from January to March 2023. And individual brands have increased the supply of their products to foreign markets dozens of times.
Even in Russia, which had previously not been a priority market for China, Asians almost “gnawed away” a 40% share, which experts forecast could approach 60% by the end of 2023. And according to analysts, in a year and a half every third car sold in our country will be Chinese.
And the Asians spit on the postulate “first you work for the name, and then the name works for you.” Given such a total expansion of the presence of “heavenly” brands and their exorbitant prices, they will not only work, but earn indecently. Moreover, without having to be afraid of competition from other foreign brands, which, as said, will not slowly but surely enter the dustbin of history.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
