published on To •
3 min read
In the first quarter of 2023, China became the world leader following overtaking Japan as the top car exporter. But what really surprised China’s Western competitors weren’t just the sales figures. The quality of Chinese cars is also impressive.
Why is this important?
The fact that China is now the largest car exporter has not only broad economic implications. The quality of Chinese cars is such that European manufacturers seem hopelessly behind.In the news: In the Wall Street Journal, journalist Greg Ip writes “that electric cars made in China have become formidable competitors for their Western counterparts”.
Zoomons : China’s emergence as a successful car exporter is of a completely different nature than, for example, the growth of the Korean auto industry since the 1990s.
- […] The shift from gasoline-powered cars to cars
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Source: Wall Street Journal