Yes, it’s even weird that any country voted against protecting the bloc’s economy. Maybe Volkswagen and other German car makers wanted to have access to the Chinese market, although they will likely never be successful there anyway (it’s clear, at least, that no foreign company has ever had meaningful long-term success in Chinese markets, in neither industry). But that’s my guess, maybe I am wrong.
Yes, because China had an underdeveloped industry. They needed the technology. In the long term there will be no Western company with a meaningful market share in China.As a foreigner you can’t even found a company in China without a Chinese partner who then owns the majority stake (the only exception being Tesla in this regard).
Yes, it’s even weird that any country voted against protecting the bloc’s economy. Maybe Volkswagen and other German car makers wanted to have access to the Chinese market, although they will likely never be successful there anyway (it’s clear, at least, that no foreign company has ever had meaningful long-term success in Chinese markets, in neither industry). But that’s my guess, maybe I am wrong.
Volkswagen was the top selling car brand in China for at least 15 years.
https://electrek.co/2024/01/23/byd-overtakes-vws-15-year-run-as-top-seller-in-china/
Yes, because China had an underdeveloped industry. They needed the technology. In the long term there will be no Western company with a meaningful market share in China.As a foreigner you can’t even found a company in China without a Chinese partner who then owns the majority stake (the only exception being Tesla in this regard).