Part 6/8:
The podcast delves into the broader implications of China's dominance in the automotive sector, particularly in the EV market. Clark noted that the economies of scale achieved in Chinese automotive manufacturing cannot be understated: while Australia’s car industry floundered, China has surged ahead, rapidly developing high-quality vehicles with cutting-edge technology.
The model has shifted from a few established manufacturers, especially in the West, to a competitive landscape dominated by diverse and innovative brands from China. This structural change leaves many traditional western carmakers scrambling to keep pace.