Despite flecks of optimism, the West has underestimated China’s long game
The auto industry gathers for its annual summit on Tuesday, hosted by trade group the Society of Motor Manufacturers and Traders (SMMT). But for some, the industry isn’t waving, but drowning.
“I don’t see a way back,” reckons Nick Molden, chief executive of Emissions Analytics and an honorary senior research fellow at Imperial College. “It’ s now about the funeral and the wake”.
The Government has made its mind up, he thinks – it’s not going to protect the UK auto industry from cheap Chinese auto imports, or abandon the all-electric dogma, and so the industry must deal with it.
