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Benzinga
  • 2 years ago
Automakers at the Beijing Auto Show are introducing innovative design and features to their cars, such as swivel seats, large screens, and AI-enabled connectivity. The government's green-energy initiatives have transformed the auto market, with EVs accounting for 25% of new car sales in the previous year. The intense competition among EV makers has led to a price war and is expected to result in industry consolidation. Traditional automakers are adapting to keep up with the rapidly changing market.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Automakers at the Beijing Auto Show are introducing innovative design and features to their cars such as swivel seats, large screens and AI-enabled connectivity.
00:11 The government's green energy initiatives have transformed the automaker with EVs accounting for 25% of new car sales in the previous year.
00:20 The intense competition among EV makers has led to a price war and is expected to result in industry consolidation.
00:26 Now traditional automakers are adapting to keep up with the rapidly changing market. Chinese automakers are also expanding overseas, raising concerns about their impact on foreign auto industries.
00:37 For all things money, visit Benzinga.com.
00:39 [BLANK_AUDIO]
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