German media: The competition from China has put the German automotive industry in a dilemma
The "Daily Mirror" comments that the competition from China has put the German automotive industry in a dilemma.
The Dilemma of the German Automotive Industry
This Tuesday, the European Commission officially proposed a major adjustment to the policy originally scheduled to completely ban the registration of new internal combustion engine vehicles by 2035. The "Daily Mirror," published in Berlin, commented:
"The European industry only realized the danger of being attacked very late. China had already formulated plans to develop electric vehicles in the 2000s, and this development strategy was firmly implemented. With battery technology, raw materials, and state-subsidized car startups, China has gained a rare opportunity to push Western automakers out of the market."
The consequences of China's electric vehicle strategy are well known. The share of German cars in the Chinese market has dropped significantly, as one out of every two new cars sold here is an electric vehicle. In the European market, Chinese automakers are also setting up factories and striving to convince customers that buying a good electric vehicle doesn't have to be expensive. Of course, these cars are not necessarily BMW, Mercedes or Volkswagen.
"In a way, China has already won: if German automakers increase investment in internal combustion engine technology, China's advantage in electric vehicles will become even greater. However, if German automakers increase their investment in electric vehicle technology, then Germany's dependence on Chinese battery raw materials and processing technology will become increasingly higher."
Original article: toutiao.com/article/1851892909214732/
Statement: This article represents the views of the author himself.