How a Chinese EV maker is looking to become the 'Netflix of the car industry'

Chinese auto exports have jumped more than 50% over just the past two years, driving the country into a top spot among global vehicle exporters with long-time powerhouses Japan, Germany and the U.S.At the end of April, China's industrial hub Shanghai hosted its first auto show since the end of the country's draconian"zero-COVID" pandemic restrictions. It offered a glimpse of the future.

Geely, the Chinese automotive giant that owns Volvo, has the U.S. market squarely in its sights with a whole new concept and brand. The Geely Automobile Holdings Ltd. Lynk & Co. Zero Concept vehicle is displayed during a launch event in Beijing, China, in a Sept. 23, 2020 file photo.Lynk is hoping to become, he said,"like a Netflix of the car industry."

"We now have some customers in Europe who actually gain more on sharing than they pay [with] their monthly fee," said Visser. The brandIt's a bold initiative, especially now, given the frosty state of U.S.-China relations.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Congress presses Chinese fast-fashion giant Shein on forced labor | CNN BusinessUS Congress is stepping up the pressure on Chinese fast-fashion giant Shein.
Source: CNN - 🏆 4. / 95 Read more »

Mercedes-Benz Says It Isn't Viable To Leave The Chinese Market | CarscoopsChina accounted for 37% of Mercedes-Benz's total sales last year as well as 18% of its revenue car auto cars
Source: Carscoop - 🏆 306. / 63 Read more »