Global sales of new vehicles peaked in 2017 at 96.1 million units (See Figure 2). Led by developments in China, the global industry now is experiencing a more fundamental shift, where the industry business model is being transformed by technology. The disruptive forces that are emanating from China and its automotive industry are not merely driving a shift in propulsion technology. Chinese companies will now encounter the risks that highlighted in the 2009 edition of The Path to Globalization of China’s Automotive Industry. The Path to Globalization – 2024 EditionFaced with a slowing domestic market and overcapacity, Chinese carmakers are going global rapidly by leveraging exports.