Legacy carmakers risk losing mass market to Chinese rivals

Legacy carmakers won’t likely be able to match Chinese rivals on price and may already have missed first-mover advantage on electric and software-developed vehicles, according to a report by Mobility Global’s automotive analysts. The paper, which the research firm released Tuesday, projects established automakers to retain the upper hand over newer, China-based peers in areas such as premium brands, safety-based engineering and fleet sales. But Chinese carmakers have an edge in mass-market vehicles from sheer scale, faster development and lower costs.