Original sentence: According to Li, this has led to complacency by domestic automotive OEMs by relying on profits from foreign partners through joint ventures instead of driving their own organisations to hire talent and improve, knowing they would control half of joint ventures run with profitable overseas manufacturers that generate healthy sales.He has previously argued for state-owned automotive manufacturers to partner with privately-run companies.Li has criticized the automotive industry joint venture system in China as producing large profits for foreign original equipment manufacturers (OEMs) and Tier 1 suppliers at the expense of innovation, quality and technology advancement by Chinese automotive OEMs
Edited sentence: According to Li, this has led to complacency by domestic automotive OEMs in reliance on profits from the foreign partners through joint ventures instead of driving their own organisations to hire the best talent and improve.Chinese automotive brands have become complacent, he said, knowing they would control half of joint ventures run with profitable overseas manufacturers that generate healthy sales fuelled by foreign brands.He has previously argued for state-owned automotive manufacturers to tie up with private Chinese partners.Li has criticized the automotive industry joint venture system in China, which has led to large profits for the foreign original equipment manufacturers (OEMs) and their Tier 1 suppliers at the expense of innovation, quality and technology advancement by Chinese automotive OEMs.“It has defeated its own purpose by harming the Chinese players“.“This actually is not so constructive for the healthy growth of the ‘kids’,” Li said