Making Money Minute with Ron Hiebert - Chinese Vehicles
Western auto manufacturers typically redesign their vehicles every 5 years and their trucks every 10. Meanwhile, Chinese developers have slashed vehicle development time by more than half - to as little as 18 months. This gives them a huge competitive advantage in both costs, and the newness and variety of vehicles they have in their showrooms. The gap can be explained by differences in testing. The Chinese substitute 100’s of thousands of miles of on road testing with computer simulations. Real world testing still gives western vehicles a quality edge Chinese simulators can’t match.
