Wealthion · Monday, June 29, 2026
Marc Faber argues that China's automotive industry is technologically advanced and can produce cars at approximately half the price of Western companies. He believes this could lead to the Chinese car industry potentially displacing the entire Western car industry.
“If you look at cars, I mean, in theory, the Chinese car industry could put out the entire Western car industry out of business.”
“Because they can produce cars at about half the price of Western companies.”
“I mean, it's amazing and they are technologically very advanced.”