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BUSINESS & TECH

Chinese Automakers Drive Into New Landscape

China overtook the U.S. to become the world’s largest in 2009. Photo: VCG
China overtook the U.S. to become the world’s largest in 2009. Photo: VCG

* Changes signal regulators’ determination to advance the opening of the auto market after a decadelong tug-of-war with industry players

* New policy sets the stage for new competition and a shakeup of the industry

Elon Musk may never have expected China to respond so swiftly to his tweet earlier this year. Voicing the enduring discontent of foreign automakers, the CEO of Tesla complained on Twitter that China’s tariffs and foreign ownership limits put him in the position of “competing in an Olympic race wearing lead shoes.”

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