Notes

On a sunny spring day in Amsterdam, automobile enthusiasts gathered inside a darkened warehouse to eat lamb skewers and drink rhubarb cocktails courtesy of Lynk & Co., which was showcasing its new hybrid SUV.What appeared to be simply another new car unveiling was actually a coming-out celebration for China's internationally ambitious auto sector. For the first time, a Chinese-branded automobile will be built in Western Europe and sold there, with the eventual objective of reaching showrooms in the United States.That is billionaire Li Shufu's master strategy, which has seen him go from starting Geely Group as a refrigerator manufacturer in the 1980s to owning Volvo Cars, Lotus, London Black Cabs, and the largest holding in Daimler AG, the creator of the vehicle. Li is leading China's efforts to join the Big Three of the global automobile industry—the United States, Germany, and Japan—to form the Big Four.
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Li told Bloomberg News, "I want the whole world to hear the noise created by Geely and other made-in-China automobiles." “Geely's ambition is to become a worldwide corporation. To do so, we'll have to leave the country.”He's not the only one who thinks this way: Starting next year, at least four Chinese carmakers and three Chinese-owned startups—SF Motors Inc., NIO, and Byton—plan to sell cars in the United States. At the same time, BYD Co., funded by Warren Buffett, is developing electric buses in California; Baidu Inc. is collaborating on a self-driving platform with Microsoft Corp., TomTom NV, and Nvidia Corp.; and Beijing-based TuSimple Inc. is testing autonomous-driving large rigs in Arizona.
That isn't to suggest the road is completely inaccessible. Hyundai Motor Group of South Korea was formerly chastised for its flimsy engines and rust-prone body panels. According to Bloomberg Intelligence, it is now one of the top five automakers in the world, selling 1.25 million cars in the United States last year. Alabama and Georgia are also home to the company's factories.Matthias Mueller, the former CEO of Volkswagen, Europe's largest manufacturer, remarked, "Competitors rising from China must be regarded seriously." “I first visited China in 1989, and the progress that has occurred there since then is just amazing.”