CX Daily: How Smart Cars Are Upending the Auto Supply Chain – Caixin Global

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In Depth: How smart cars are upending the auto supply chain

China’s auto industry supply chain faces profound changes as the electric and smart-car transition accelerates, breaking up the old supply system and bringing in new competitors.

“China’s electric vehicle penetration rate is already the highest in the world, and the entire automotive supply chain is undergoing an overhaul,” a state-owned investment company executive said. “Challenges and opportunities are both ahead.”