News Snapshot:
A Volkswagen at the 2022 Central China International Auto Show in July. For two decades German car brands have been prime beneficiaries of China’s booming auto market. For years China was the place to be for global car makers. This golden era is showing every sign of drawing to a close. The latest jump in Covid cases in the country, as well as the weekend protests against Chinese leader Xi Jinping ‘s zero-Covid policy, raise the risk of further supply disruptions and volatile vehicle sales. But the longer-term threat is competition: China’s electric-vehicle companies, particularly BYD, have sophisticated products that...
