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.