""The real competition is not China versus the West, it's fast systems versus slow systems. If you want to understand where the future of the auto industry is going, you have to understand how China builds these types of products.""
""Western and Japanese carmakers like Tesla, Volkswagen and GM have long manufactured in China for the domestic and overseas markets. More recently, many have expanded their footprints beyond just manufacturing to designing and developing entire models in the country.""
Renault's electric Twingo is designed for urban European drivers and represents a significant shift in the auto industry. Developed in 21 months in Shanghai, it is now produced in Slovenia and priced under $20,000. The Twingo exemplifies the competitive landscape of the auto industry, with a focus on speed and technology. Many automakers are now designing and developing models in China to leverage its resources and expertise, as seen with Renault and Mercedes expanding their R&D facilities there.
Read at www.dw.com
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