On a recent Monday, when a generically named Chinese ship called the Explorer No. 1 docked in the German North Sea port of Bremerhaven, it may have inaugurated a new era in the global economy.
The Explorer No. 1 will soon be carrying 7,000 BYD vehicles on every voyage, and where China’s young and technologically innovative car giant is concerned, that’s just for starters.
The company is expected to be operating eight ships like the Explorer No. 1 within the next two years.
BYD’s export push has forced Europe to quickly work its way through the shock that its car makers have experienced recently as they have watched BYD and a plethora of other Chinese auto manufacturers ramp up design and production of the products of the future.
This has helped the Europeans move past denial and begin grappling with a fundamentally altered landscape.
That does not mean they have found a solution for Chinese competition in this sector.
Simply put, no one has.
In terms of immediate tactics, the answer for now in Europe seems to be the pursuit of radical cost savings in the making of automobiles.
Unlike in the United States, small cars dominate the European market. China’s new offerings are attractive
https://qoshe.com/foreign-policy/howard-w-french/china-s-global-ev-domination-is-just-beginning/170914694
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