The New Giants of the Road How Chinese Automakers Are Redefining Global Leadership
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“The world’s top automakers are changing the game again, shaking up the traditional automotive paradigm,” says Chris Leong, author and executive editor of the influential industry publications Car & Driver and Autoweek. page The Chinese automakers that he cites are the “New Giants,” from which all other brands in the world draw their growth. “They’ve been making their own stuff for decades now,” says Leong. “But they’ve been holding things steady until the last couple of years. The new generation is taking that and going
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I grew up on a farm in the northeast of China. My father was a farmer who worked hard to make a living for his family. When I was a young child, I would spend hours in the fields with him, learning how to care for the soil and the crops. I knew how to work the land, sow seeds, and tend to the plants. But I also learned the value of hard work and persistence. My father would often say, “It’s all about your hard work.” I would think back to those times, and I
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Six years ago, Volkswagen was struggling. Its iconic Beetle had been in production since 1938 and was in its last generation. Its new EcoDiesel engine had underperformed; the US market was still slow to adopt electric cars; its SUV and pickup lines were struggling; and the company was under intense competition from General Motors and Toyota. It was clear that Volkswagen was on the verge of irrelevance. Fast-forward to 2018: Volkswagen is a global leader.
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As of 2019, the world’s 10 most valuable car brands are not American or Japanese. The world’s top carmaker is not General Motors or Ford, nor is the world’s second biggest automaker GM, but China’s Geely Group — owned by a billionaire, Ma. As a result, many are asking: “How have Chinese automakers become global leaders?” And my answer: They’ve redefined the idea of global leadership. It’s a new world, one in which Chinese
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Chinese automakers have made a big splash in the global market lately, with their innovative, advanced products that challenge global established players, such as Toyota and Honda. Many experts believe that China’s auto industry is the new “Super Bowl,” and many automakers have already embarked on the road towards global dominance. Let me share a personal anecdote that may be of interest to you. When I began driving cars, I was quite impressed by the way they moved on the road. And that was thanks to my grandfather. He
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As we move into 2021, the global automotive industry is entering a new phase, with Chinese automakers driving in ever-greater numbers. They are redefining global leadership by breaking new ground and creating unprecedented opportunities for the future of global automotive manufacturing. China’s automobile market is now larger than that of every major player in the United States and Europe combined. look at these guys The scale and growth prospects of Chinese auto manufacturers are enormous and should keep pace with the market’s long-
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The world has been fascinated by China’s rise in recent years. It was, in many ways, as I predicted it would be. But as it did, the world took notice of how it was done. There are three giants in China’s automobile sector today. The first one is BYD Auto, one of the largest electric-car producers in the world. The second is FAW Automobile, a company that is rapidly growing. The third is Tesla, the most successful electric-car manufacturer in the world. Th