McKinsey auto leader: China’s auto industry is faster, cheaper and better. Here’s how the West can close the gap

First publishedJul 30, 10:30 UTC

Last updatedJul 30, 12:49 UTC · 1h ago

110:30–10:34 UTC1 outletFortune

10:3011:0411:3912:1412:49

Fortune6McKinsey auto leader: China’s auto industry is faster, cheaper and better. Here’s how the West can close the gapJul 30, 10:30 UTCOpen ↗

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China's auto industry has grown quickly and is now cheaper. Western car companies have lost market share. This happened after the COVID-19 pandemic.

The outlets frame the story as a surprise to Western automakers, who are struggling to compete with China's growing industry.

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  China's auto industry is growing quickly and is now a major competitor to Western companies.

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  FortuneJul 30, 10:30surprised Western automakers

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