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China's automotive industry is rapidly expanding globally, surpassing Japan in exports and achieving significant market share in countries like Mexico, Brazil, and Thailand. This success is attributed to innovative production techniques, competitive pricing, and a government-backed strategy focusing on electric vehicles (EVs).
The United States, concerned about its domestic auto industry, is responding with protectionist measures including tariffs and subsidies. However, the article argues that these actions are futile, given China's technological advancements and cost advantages in the EV market.
This article is also available in English on my Medium page, «China is in now in the driving seat of the global motor industry«
By 1197109420China's automotive industry is rapidly expanding globally, surpassing Japan in exports and achieving significant market share in countries like Mexico, Brazil, and Thailand. This success is attributed to innovative production techniques, competitive pricing, and a government-backed strategy focusing on electric vehicles (EVs).
The United States, concerned about its domestic auto industry, is responding with protectionist measures including tariffs and subsidies. However, the article argues that these actions are futile, given China's technological advancements and cost advantages in the EV market.
This article is also available in English on my Medium page, «China is in now in the driving seat of the global motor industry«