New EIU Report: China’s carmakers ten years away from being competitive in the US and Europe
China’s carmakers are gearing up to compete internationally and have strong political backing, but they still have much to do
Are China’s car manufacturers about to take the world by storm? Not yet, says Driven: Are China’s car manufacturers ready to compete in the US and Europe?, a new report by the Economist Intelligence Unit. The Chinese government’s long-held desire to develop an internationally competitive indigenous vehicle industry is coming closer to fruition, however.
Although China’s carmakers do not present an immediate threat to their counterparts in the US and Europe, the speed at which the Chinese are moving suggests that “foreign carmakers should watch outâ€, says Graeme Maxton, regional director of the Economist Intelligence Unit’s Corporate Network and co-author of this briefing paper, sponsored by Roland Berger Strategy Consultants.
Source: EIU
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on Monday, October 23rd, 2006 at 2:44 pm and is filed under Business and economics, China, Motor vehicles.
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