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Chassidy’s ultimate challenge | SaltWire #ultimatechallenge #canada #realitytvBEIJING - Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking to catch up to surging China EV makers that are dominating the world's largest auto market.
Nissan CEO Makoto Uchida visited several booths including that of Chinese tech giant Huawei, which is becoming a major auto supplier. Foreign brands have dominated China's auto business since the 1990s and have brought extensive know-how to the Asian country. But last year, foreign brands' collective share of China's passenger car market fell to 48%, down sharply from 57% just two years earlier, according to data from the China Association of Automobile Manufacturers.
"We want to, with Toyota, build products and services that are closer to consumers, to jointly build mobility solutions of the future and we look forward to the fruits of our cooperation," said Dowson Tong, CEO of Tencent Cloud and Smart Industries Group.Katsuhide Moriyama, president of GAC Honda Automobile, Honda's joint venture with Guangzhou Automobile Group, cited how China's leading EV makers have found ways to slash vehicle development time.
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