China Market Insider Tool and mould making in China is growing stronger
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China’s manufacturing industry is becoming an increasingly formidable competitor for European companies. This also applies to tool and mould making.
In China's tool and mould making industry, trends such as automation, the use of artificial intelligence and big data, and other modern production techniques are currently advancing very rapidly.
In the automotive industry, China's new performance and competitiveness have recently been increasingly noticed by the German public. The Chinese e-car manufacturer BYD recently overtook VW as the largest carmaker in the People's Republic. The company's success is often portrayed as a ‘threat’ to German OEMs.
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