The Chinese have executed the low-end disruption playbook to perfection… cars is just *one* of the markets. This story is going to play out again and again.
Driving China’s ascendancy is a massive and abrupt shift to electric vehicles. The EV share of total car sales will jump to almost 50% this year, up from just 6% in 2020.
Think about that. China has sprinted from 1 million to more than 10 million annual EV deliveries in just four short years. (I already see you dealership folks scratching your heads in amazement.)
Global automakers were caught flat-footed on EVs, lulled into complacency by years of winning at selling gasoline-powered vehicles.
Chinese automakers, in contrast, seized on the shift to electrics. This year, eighteen of the twenty best-selling EVs are Chinese brands. The other two are Teslas.
https://newsletter.dunneinsights.com/p/china-is-done-with-global-carmakers
Dave5 
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