Eastern car makers are no longer seen as lesser than their wester counterparts; they are a real threat to legacy brands
Chinese car makers are well and truly on the offensive in Europe - their subsidised production costs allowing them to undercut western rivals and snatch their buyers. But, it is unfair to think these cars – such as the MG4 and BYD Atto 3 – are just selling because of their lower pricetags; they’re also showing that the Chinese are no longer lesser than their counterparts.
2 million units sold in 2022, only 500,000 down on pre-Covid times. The chairman’s seven-year plan aims to double sales and profits by 2025. "Jack" Wei Jianjun, Chairman, Great Wall Motor That Wei Jianjun took over the then-debt-plagued Great Wall Motors at the age of just 26, shows the potential the privately owned firm saw in him. And he’s paid that back.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Power List 100 2023 - Chinese automakersEastern car makers are no longer seen as lesser than their wester counterparts; they are a real threat to legacy brands
Read more »
Power List 100 2023 - Board-level designersBuilding on the legacy of a brand is critical against slick newcomers, and these top-level designers are the key to that success
Read more »
Power List 100 2023Today's car firm CEOs do not do the same job as their predecessors; their roles have changed dramatically over recent years
Read more »
Power List 100 2023 - Brand frontrunnersBelow the public-facing CEO is a hotbed of talent; they wield their own power, and have their own influence
Read more »
Power List 100 2023 - Brand frontrunnersBelow the public-facing CEO is a hotbed of talent; they wield their own power, and have their own influence
Read more »
NHL Rank: Top-100 player predictions for the 2023-24 seasonIs Connor McDavid still No. 1? Where does rookie phenom Connor Bedard land? We predict the league's best for this season.
Read more »