China’s Auto Industry Success: A Lesson for the U.S.?

Big increases in China’s auto exports, including a doubling of global EV shipments last month, highlight the success of Chinese cars, particularly EVs, which offer better technology and features at competitive prices. Long-time China business expert Ker Gibbs emphasizes the need for the U.S. to learn from China’s model of demanding foreign investment in its auto industry. Gibbs, former chairman of the American Chamber of Commerce in Shanghai, warns that the current strategy of blocking Chinese autos is not sustainable for the U.S. in the long run. China’s approach of linking market access to joint ventures with technology transfer has…