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Tribune News Service
Tribune News Service
Business
Jordyn Grzelewski

AlixPartners: Auto industry must 'radically' change to compete with Chinese players

For much of the last decade, electric-vehicle leader Tesla Inc. has been the disruptive force in the automotive industry.

But in the coming years, Chinese automakers are likely to become the industry's greatest disruptor and force to watch. That's according to an industrywide analysis that global consulting firm AlixPartners included in its 2023 Global Automotive Outlook, which it released Wednesday.

Chinese auto brands are "poised to become the shaping force in the global automotive industry in the coming years," according to AlixPartners, which argues that, in response, automakers must "adopt radically new ways of doing business" in terms of their vehicle features, business set-ups and approaches to speed and risk.

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