Chinese automotive suppliers speed up localisation to increase global market share

Chinese electric vehicle (EV) supply chain vendors are adding another dimension to their go-global drive: designing batteries and lidar sensors for models by international marques that cater to overseas drivers. As leading players like BYD secure mega deals with major carmakers like Ford, Chinese automotive suppliers that once trailed their global peers are now stamping their authority on the EV sector. Chinese vendors were enjoying an overwhelming advantage over their international rivals in...