Home Business Continue to grow with e-cars in China

Continue to grow with e-cars in China

0

With almost no foreign visitors, the world’s largest auto show in Shanghai is like a Chinese industry get-together. E-cars also play a central role in the Asian market for German corporations.

From Steffen Wurzel, ARD studio Shanghai In the country of origin of the Covid 19 pandemic, Corona hardly plays a role anymore. The economy is running again. This can be seen in the automotive industry, among other things. Analysts expect the Chinese auto market to grow by at least six percent this year.

Strong growth in electric cars

According to experts, sales of electric cars in China will increase at an above-average rate, which means that an increase of 70 percent is possible in the People’s Republic this year. So far, the US car company Tesla and numerous domestic e-car startups have been selling electric cars in China. The latter are called, for example, Xiaopeng, Nio , Li-Auto and Aiways. So far, these brands are hardly known in Germany. Nevertheless, China’s bustling e-car companies have made a difference in the boardrooms of the three major German car manufacturers. As far as China is concerned, BMW, Daimler and Volkswagen are now also focusing on electromobility.

German manufacturers with trade fair premieres

This can be seen from today at the auto show in Shanghai. Mercedes is showing its battery-powered models EQA and EQB, BMW is presenting the iX and the ID6 is having its world premiere at Volkswagen. Some analysts criticize that the largest German car company Volkswagen entered the e-mobility sector in China far too late. That rejected VW China boss Stephan Wöllenstein at the start of the fair. “Volkswagen almost has a good tradition of coming a little later, but all the more violently. That will probably be the case again with electromobility,” said Wöllenstein. “I think we’ve done our homework right now.” This gives the group the chance to make customers an offer that many competing companies, especially e-car startups, find it very difficult to find.

World’s largest auto show with almost no foreign visitors

With around 1000 exhibitors, “Auto China” in Shanghai is the largest auto show in the world. There will be almost no visitors from abroad. Because China’s leadership has kept the borders of the People’s Republic almost completely closed to foreigners for a good 13 months. This year, the trade fair in Shanghai is primarily a Chinese industry get-together.

NO COMMENTS