Part 5/8:
With China's production capabilities scaling rapidly, the country dominates more than 35% of the global automotive market and is set to flood international markets with a surplus of vehicles. Chinese manufacturers, emboldened by their cost advantages, are willing to undercut their competitors, leading to the exit of several legacy brands from the Chinese market altogether. This strategy not only reshapes competition within China but will soon permeate internationally, pushing the boundaries of pricing and consumer choice.