Part 2/8:
According to Michael Dunn, a former executive at General Motors and current CEO of Dunn Insights, China has launched an ambitious "global car blitz." The country is expected to export an astonishing 6 million vehicles to over 100 countries this year alone. This has significant implications for traditional auto brands that once ruled the roads.
Dunn emphasizes that the changing landscape of the automotive market should not be underestimated. The average price of a vehicle made in China is around $19,000, which is less than half the average price of a new car in America and Europe. This affordability is making waves in markets beyond China, even if consumers in the U.S. are yet to experience the full impact.