The Electric Viking: the CEO of VW just said the other day that Europe was under zero threat from China's automakers. But August turns out to be the best month for BYD, Nio, MG, and GWM in Germany ever so far.
BYD is confident to export 250,000 passenger vehicles this year and it will decide the location of its first factory in Europe before the end of this year. BYD probably will build quite a few factories overseas in the coming years except in the US.
CEOs of German automakers know what side of their bread is buttered on.
Infamous for being at the opposite side of the road....Germany, Japan and Italy and they thought they were finally at the right side ...until they joined their US master bandwagon which was doing a U turn...