Foreign automakers like Volkswagen, Toyota, and Hyundai are no longer trying to take back their market share in China. Instead, they are adjusting their strategies and becoming more reliant on Chinese technology companies. The Chinese car market is now mostly owned by local brands, with nearly 70% of sales, especially in new energy vehicles (NEVs),
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China
China is taking a different approach to AI and employment than most Western countries. Recently, Chinese courts in Hangzhou and Beijing ruled that firing workers solely because an AI can do their job is illegal. These decisions highlight China’s stance that AI adoption is a strategic business decision, not a valid reason to dismiss employees.
