Some commentaries in the West portray the rise of China’s auto industry as a loss for foreign carmakers. The carmakers themselves, however, are taking a more pragmatic approach, drawing on the technology, supplier base and manufacturing expertise that China has built up to boost their competitiveness.

Auto industry eyes possible easing of restrictions as dependence on Chinese battery cells, power electronics, rare-earth magnets and EV technology grows.

Some commentaries in the West portray the rise of China’s auto industry as a loss for foreign carmakers. The carmakers themselves, however, are taking a more pragmatic approach,…