U.S. automakers cut sorry figures in China’s traditional vehicle market in 2020. GM lost market share. Ford booked less than half of its 2016 volume. Jeep demand plunged. But in the Chinese market for electric vehicles, Tesla and GM’s light-vehicle joint venture stood out.

China’s rising demand for electric vehicles, a lack of domestic technical knowhow and sustained geopolitical tensions will emerge as much more serious threats to the supply of automotive microchips, which are mostly imported.

Audi plans to launch output of a new generation of electric vehicles in 2024 under a three-way partnership to be formed with Volkswagen Group and China FAW Group Corp.

The two companies will jointly develop cockpits with mobile and mobility service applications and explore testing of autonomous driving.