Why the big car companies are losing China | Business Beyond

Big carmakers like Volkswagen and Toyota were once top sellers in China. Now they’re rapidly losing ground to a new generation of Chinese companies luring local buyers with advanced – and affordable – electric vehicles. Business Beyond looks at what legacy carmakers got wrong, what Beijing got right and how the next few years could reshuffle the global car industry. Chapters: 00:00 Introduction 01:20 ‘Nobody thought of China’ 04:41 New tech, new chance for Beijing 07:17 The Tesla effect 09:37 Don’t forget karaoke! 12:55 Price war 13:43 Made in China, sold worldwide Subscribe: For more news go to: Follow DW on social media: ►Facebook: ►Twitter: ►Instagram: ►Twitch: Für Videos in deutscher Sprache besuchen Sie: #VW #China #business