Fierce Competition of Automotive Industry
2008-11-28 Source：english.chinabuses.com
The automotive industry develops very fast in recent years. China is not alone in building a sustainable industry able to compete on a global stage. Rising quickly - though from differing starting points and internal structures - are India and Russia. Aggressive domestic and international expansion of their auto industries evidenced by Tata's purchase of two famous auto brands. So China is not alone in trying to build a sustainable industry as other countries have studied the growth patterns of emerging automotive superpowers.
Another area of intense global competition will be the race to develop vehicles, power trains and associated technologies. New development hubs are cropping in several international locations and China needs to be part of this expansion to build a sustainable industry. The battle of the brain is crucial going forward. Increasingly, vehicle execution is leveling the playing field - tomorrow's difference will emerge from technology integration and speed to market. A few select China-based vehicle makers will emerge as global players over the next decade. The building blocks have been laid and China's infrastructure will ensure it will be an integral cog in the global automotive wheel.
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