Sometimes I feel like that little boy wondering why no-one else notices that the Emperor has no clothes. When are we in the West going to wake up and realize that China’s manufacturers – much derided for sending us the cheap stuff which is all we can now afford to buy – are rapidly becoming the world leaders in high quality advanced manufacturing.
Think about the list of Chinese companies which each delivered at least 90,000 electric vehicles last year – SAIC, Tesla, BYD, Lynk, Great Wall Motor, XPeng, NIO, Li Auto. And that list excludes major Chinese auto manufacturers Baidu and Geely. For most of us, there is only one name on that list we would recognize. Just imagine what the future holds for Germany and Japan once China starts reving up its exports of highly competitive vehicles!
If we in the West don’t start to get serious soon, we will find ourselves reduced to hawking cheap handmade curios to rich Chinese tourists.