Well here I am currently watching the 2023 Guangzhou Autoshow on youtube and I am amazed at the quality of the evs at the show. I am also in awe how fast China is electrifying their auto fleet.
BYD surpassed Ford in total sales earlier this year and they only sold 500,000 car in 2019. BYD also said this: demolish the old legends
BYD, Xpeng, Nio, MG, Geely, GAC are all expanding rapidly into South America, Europe and South East Asia.
These companies are topping the sales charts in the South East Asian markets.
Kia Australia boss says Chinese car brands will be in top five shortly.
https://www.drive.com.au/news/chinese-car-brands-top-five-within-three-years/
I’m kind of concerned for our current auto brands dragging their feet.
Ignoring everything else; I’d expect at least two Chinese brands in the top 2 eventually as China develops based purely on population size. The last 200 years were basically an anomaly and China will probably reclaim it’s usual place as a major economic centre of gravity. Imo it already has to an extent
Besides that, I’m not surprised because the entire western automaker strategy for a long time in China was rather lazy. Because domestic brands were so weak, VW et al could upcharge incredible basic features that they had already developed
Naturally, that strategy couldn’t last forever. Heated seats aren’t exactly cutting edge tech. It was inevitable that Chinese OEMs would eventually develop things like that and rather than proactively fight that many foreign OEMs only reacted once it was too late