Stephen Wilmot

So exactly how appealing that will be for the likes of BYD remains to be seen.

They're responding everywhere.

In the European market, the rise of Chinese cars is the trend that every local automaker is watching.

They're trying to match what they call China speed to shorten their development cycles, to lower their costs, to essentially try and match the advances that the Chinese have made.

In the U.S., Ford is talking a lot about trying to match the Chinese technology and costs even without Chinese cars in the U.S.

It's partly a sense that it's inevitable eventually that they'll have to compete head to head, even if the time frame isn't entirely clear.