Foreign automakers lose 33% to 24% market share as China races to mass produce L3 vehicles
Key Points
- Foreign automakers are losing market share in China, project...
Foreign automakers are watching their Chinese market share nosedive from 33% to a projected 24% by decade's end, and it's not because local drivers suddenly developed patriotic purchasing preferences. China's pushing pedal-to-the-metal on autonomous vehicle regulations while Taiwan taps the brakes, creating a fascinating study in how different approaches to robot cars can reshape entire industries.
China Goes Full Speed Ahead (No Driver Required)
China's regulatory approach resembles a well-organized corporate hierarchy: three clear tiers of high-level laws, normative documents, and tech...
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