Part 1/7:
The Coming Storm: A Dramatic Shift in the Automotive Industry
As the automotive industry continues to evolve in the wake of technological advancements and shifting consumer preferences, the CEO of Xang, a prominent Chinese automaker, has issued a chilling forecast for the future of the sector. According to him, the next few years will witness a significant upheaval that may lead to the bankruptcy of numerous car companies or forced consolidations akin to Nissan's recent partnership with Honda and Mitsubishi. The CEO envisions a scenario filled with "fireworks," wherein the industry faces a dramatic consolidation—a process that he describes as an "elimination round."