Chinese Car Companies Kicking US Car Maker Butt In China +VIDEO
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Detroit May 7, 2019; Five years into its plan to reinvent itself as the dominant global technology leader, China has raced far ahead of others on electric-vehicle sales, forged into automated-vehicle development and led the way on deployment of next-generation cellular infrastructure, reports Automotive News.
"The Chinese are clearly on the offensive," said Michael Dunne, CEO of ZoZo Go, a consulting firm that advises American companies looking to do business in China. On the other hand, "If you look at the Detroit automakers, over the past five years, it's more or less been a theme of retreat," he said. As President Donald Trump threw another curveball into the ongoing U.S.-China trade negotiations Sunday with a new wave of tariff threats, U.S. automakers are grappling with another vexing challenge:
US Car company's sales are tumbling in China.
As Chinese companies have developed their competence, paying for mass-market vehicles made by foreign companies has become less appealing,
Speaking at an Automotive Press Association event in Detroit Mr. Dunne said as the Detroit 3 have struggled to find an answer for declining sales, China has launched what Dunne calls Autos 2.0, a freshening of its automotive strategy that has focused extensively on autonomous, electric, shared, and connected-vehicle developments.