The world's auto giants will need to partner with Chinese companies to survive in China, analysts say
Publishing timestamp: 2024-11-22 05:04:57
Summary
Foreign automakers must adapt to China's electric car market by forming local partnerships to survive as new energy vehicles dominate the market. Companies like GM, Volkswagen, and Nissan have seen revenue drops, while Tesla's sales surged. Foreign automakers are looking to partner with Chinese companies for advanced driver-assist technology to stay competitive.
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Keywords: business news, markets, technology, breaking news: technology, ford motor co, earnings, general motors co, xpeng inc, byd co ltd, geely automobile holdings ltd, horizon robotics, autos, volkswagen ag, microsoft corp, nvidia corp, china, tesla inc,