Market Adaptations
Automakers and suppliers at the Shanghai Auto Show are adjusting to U.S. President Trump's 25% tariffs on auto imports by diversifying their markets and strategies, focusing on regions not affected by these tariffs.
Companies like Soling and Gestamp are expanding their operations in Asia, Latin America, and Eastern Europe, seeking new opportunities in the face of U.S. market challenges.
Strategic Shifts and Innovations
Great Wall Motor and Leapmotor International are pivoting their focus away from the U.S. market, exploring growth in Europe and Asia respectively, influenced by the current trade and regulatory environment.
The uncertainty from tariffs and national security restrictions is prompting companies to innovate and adapt, with Wuhan Kotei Informatics modifying its business model for software used in autonomous driving.