Collaboration with Chinese suppliers ‘the only way international carmakers can compete with Chinese carmakers’, Morgan Stanley analyst says
“The only way international carmakers can compete with the Chinese carmakers is to collaborate with the Chinese suppliers,” said Tim Hsiao, head of the Greater China auto and shared mobility research team at Morgan Stanley, in an interview.
The US bank predicted that international automotive groups would act to bring Chinese-developed technology to markets outside China as soon as possible, because their Chinese rivals were planning aggressive overseas expansion to combat weakening demand at home.
Source: News - South China Morning Post
