Volkswagen is on track for its smallest year of China sales since 2012, according to CNBC analysis of public data for the first three quarters of the year.
I think China bought into some of those brands when they were getting into making ICE. Then Li-Ion batteries came along and China was “hold my beer”.
Saudi is like China in that they are more interested in the industry than the company. Saudi is also doing other things with green energy too.
Sure, China would love to make and sell cars in USA but since the trade war I think they are OK with building factories in other countries like Mexico and just, you know, selling EVs to the whole world (except USA).
I think China bought into some of those brands when they were getting into making ICE. Then Li-Ion batteries came along and China was “hold my beer”.
Saudi is like China in that they are more interested in the industry than the company. Saudi is also doing other things with green energy too.
Sure, China would love to make and sell cars in USA but since the trade war I think they are OK with building factories in other countries like Mexico and just, you know, selling EVs to the whole world (except USA).