Summary of “China’s Carmakers Want to Dominate World’s Next Era of Driving”

On a bright spring day in Amsterdam, car buffs stepped inside a blacked-out warehouse to nibble on lamb skewers and sip rhubarb cocktails courtesy of Lynk & Co., which was showing off its new hybrid SUV. What seemed like just another launch of a new vehicle was actually something more: the coming-out party for China’s globally ambitious auto industry.
Li is spearheading China’s aspirations to wedge itself among the big three of the global car industry-the U.S., Germany and Japan-so they become the Big Four.
He’s not alone: At least four Chinese carmakers and three Chinese-owned startups-SF Motors Inc., NIO and Byton-plan to sell cars in the U.S. starting next year.
Carmakers may get better visibility of their futures, and those Chinese companies that fear losing sales at home may sense a greater impetus to go abroad. “They are in a better position now than they ever have been,” Anna-Marie Baisden, head of autos research in London with BMI Research, said of Chinese carmakers.
The creeping global influence of China’s industry isn’t limited to getting their wheels on U.S. and European roads.
“China does intend to lead and dominate the electric-vehicle industry.”
China’s knack for speedy adaptation has put the country in a position to lead the auto industry in new technologies, Toyota Motor Corp.’s China Chief Executive Officer Kazuhiro Kobayashi said.
“Developing new-energy vehicles is the only way for China to move from a big automobile country to a powerful automobile hub,” he said when visiting SAIC Motor Corp., a Shanghai government-owned company that partners with GM and Volkswagen in China.

The orginal article.