The Rebound of China’s Automotive Market China’s automotive market, already in a multi-year decline, has been hit especially hard by the COVID-19 pandemic. In the first quarter of 2020, China’s auto sales were slashed by 42.4 percent year-on-year, with the passenger vehicle (PV) segment plunging further...
LinkedIn Pulse, April 2020 by Bill Russo, Bevin Jacob, Emily Wang and Amber Shu The Chinese automotive market is showing positive signs of a steady recovery since February when the country was under lockdown. As shown in Figure 1, the year-over-year change in daily average passenger vehicle...
by Bill Russo and Edward Tse Over the past several years, app-based digital services have exploded in China, with its over 800 million mobile internet users. China’s digital economy is providing affordable and convenient access to products and services, which typically involve some form of people and/or goods...
by Bill Russo, Bevin Jacob, Emily Wang and Amber Shu Throughout history, convenience and user experience have typically shaped our choices when it comes to transportation. People are inherently mobile creatures and some of history’s greatest inventions – wheels, bicycles, steamships, trains, cars, and airplanes – have...
在过去几年中，出行服务在中国呈爆炸式增长，为日益城市化的社会提供了实惠便利的交通解决方案。目前在中国，大部分出行用户并不拥有汽车，这是对传统的汽车行业价值链的挑战，同时可能颠覆其根深蒂固的商业模式。...
The Economist, April 4, 2019 It does not need to have the best car companies to win the race The vehicles on Beijing’s boulevards offer little evidence that China has a car industry at all. Range Rovers seem to outnumber all the Havals, Changans and byds put together; you...
Nikkei Asian Review, November 28, 2018 by Edward Tse and Bill Russo China is set to record its first annual decline in car sales in decades -- at least, if the downward trend of the last four months continues. Sales in the world’s biggest car market fell...
LinkedIn Pulse, December 2018 by Bill Russo, Bevin Jacob and Edward Tse In the past several years, mobility services have exploded in China, providing affordable and convenient transportation solutions to address the needs of an increasingly urbanized society. In a population where most mobility users are passengers,...
Nikkei Asian Review, September 18, 2018 After passenger deaths, Chinese ride service has to show it is not 'evil' by EDWARD TSE and BILL RUSSO Click here to to read the article at Nikkei Asian Review Didi Chuxing Technology, China's dominant ride-hailing service, pledged this month to invest 140...
CKGSB Knowledge, Summer 2018 “Tesla wants to sell electric cars to individuals. Nio wants to do that and also to put people into the digital ecosystem of Tencent,” says Russo. “I’m bullish on China’ s path. The electrification and automation of transportation is going to be...