CHINA SPEEDING AHEAD

Chinese car brands expand to global markets

As reported by TechLife News, a wave of Chinese electric car exporters is beginning to compete with Western and Japanese brands in their home markets. Some compete on price while others emphasise performance and features, putting pressure on Western and Japanese premium brands. Sales of battery powered vehicles and gasoline electric hybrids in China almost doubled last year to 6.9 million vehicles. That was supported by multibillion dollar subsidies from the ruling Chinese Communist Party (CCP), which is trying to make the country a creator of clean energy. American and European leaders who see China as a strategic and industrial competitor are rattled.