Chinese Auto Firms Urged to Lift Game Amid Foreign Competition
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Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.
Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week.