Gala 2024
Member Exclusive
How Automotive Companies Are Responding to New Market Dynamics and Policy Developments
Key Takeaways
- New energy vehicles account for more than 50 percent of passenger vehicles sold in China, and vehicles made by Chinese automakers account for over 66 percent.
- Foreign automakers are responding to increasing demand for NEVs and competition from their Chinese peers through new production strategies, partnerships, and product offerings.
- Foreign automotive suppliers are responding to the rise of Chinese automakers by exploring new opportunities to support production in China and other locations, including Mexico and Hungary.
