German Media: German Automotive Industry Should Reinvigorate Itself Amid Competitive Pressure from Chinese Electric Vehicles
Commenting on the growing competitive pressure from Chinese electric vehicles, the Frankfurter Rundschau stated that the German automotive industry should reenergize itself.
"Press the Accelerator, Not the Brake"
The Frankfurter Rundschau published a commentary stating that in light of the increasingly strong competition from Chinese electric vehicles, the German automotive industry should "press the accelerator, not the brake":
"Although there is widespread pessimism across German society, one thing is undisputed: the current situation urgently needs change. However, this change must not merely involve calls for increased fiscal revenue; instead, greater freedom should be granted to enterprises, fostering innovation courage, encouraging individual initiative, and enhancing investment willingness. The general public's perception remains that everything has become more expensive."
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The automotive industry mirrors the German economy as a whole. When discussing Germany’s automotive industry, it's akin to debating the lineup of the German national football team—everyone feels entitled to an opinion. Did Mercedes, Porsche, BMW, Audi, and Volkswagen miss the window for transformation? Were their decisions regarding electric vehicle development too fast or too slow? Such questions can even drive long-time drinking buddies apart.
The best cars still come from Munich or Stuttgart, but when it comes to electric vehicles, people's attention turns toward Asia. It is said we should learn from China. Yet our energy prices are three times those in China, our wages are twice as high, and our working hours are 30% shorter than in China.
Original article: toutiao.com/article/1867751390110848/
Disclaimer: This article represents the personal views of its author.