With Sluggish Economy, Chinese Auto Industry Eyes U.S. Market
A handful of domestic Chinese automakers have announced plans to sell cars in the U.S., as demand in China softens and the economy slows.
Willy Shih, professor of management at Harvard Business School, says the auto industry in China today looks like that of the U.S. in the 1910s or ‘20s: There are a significant number of companies in competition with each other, and some, like Chinese automakers Geely and BYD, “have global ambitions.”
“I went to the Shanghai Auto Show a couple years ago, and I think there were close to 300 vendors there,” Shih
