Bosch Executive: Global Automakers to Rebound and Regain Market Share in China

At the CEIBS Forum on January 9, Wu Yongqiao, President of Bosch Smart Driving Systems China, stated that although Chinese automakers have rapidly captured market share by leveraging their advantages in electrification and intelligent technologies, this lead will not last indefinitely. He noted that as advanced driver-assistance systems (ADAS) gradually become standard features in vehicles, the technological gap will narrow, allowing multinational automakers to steadily regain ground. According to Wu, the current competition in vehicle intelligence is primarily between China and the United States, with China having an early start and intense domestic rivalry. Europe lags behind China by approximately 1.5 years overall, while Japan trails by about three years. However, he emphasized that multinational automakers, with their systematic capabilities and accumulated technical expertise, will reclaim market share in the future.