- Over 100 wholly-owned Chinese tech companies and suppliers are already operating in the U.S. The Chinese are here and poised to enter the North American market when the time is right. And, they are counting on the tariff to come down, according to Michael Dunne, CEO of ZoZo Go.
- Something to watch is if the Chinese government recommends that Chinese consumers steer clear of U.S. brands.
- Shanghai wants Tesla to succeed. It's the first foreign company allowed to own 100% of its operations. The government will make sure that they get their plant built on time and has everything working, said Dunne. Other U.S. automakers need to double down on the Chinese market.
U.S. automakers have invested heavily in China, and, for years, in varying degrees by company, they enjoyed great growth. They taught their Chinese partners much about auto manufacturing and retailing. Now they are losing sales to Chinese automakers. Profits are declining.
“Made in China 2025” is an ambitious Chinese program to globally dominate key technologies, including artificial intelligence, and industries, including the automotive industry. This has significant implications for the U.S. automotive industry.
Autoline TV aired a segment on the Chinese intentions in the automotive market over the weekend. China expert Michael Dunne, CEO of a consultancy called ZoZo Go, shares his insights and warnings about what is likely to happen with Autoline host John McElroy and panelists Michelle Krebs of Cox Automotive and Joe White of Reuters.