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).
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).