German Media: The Rapid Rise of China's Automotive Industry Deserves Deep Reflection from German Politicians
The Frankfurter Rundschau comments that the rapid rise of China's automotive industry calls for profound reflection from German political circles.
The Frankfurter Rundschau argues that the global automotive market landscape is undergoing a fundamental transformation. While Chinese automakers are rapidly rising, German cars have fallen into unprecedented difficulties in the Chinese market:
"What can Europe learn from the frenzied Chinese automotive market? Ironically, it is precisely in China where capitalist competition is extremely fierce... Yet customers at least can purchase affordable cars."
Europe can at least draw one lesson: the answer to complaints about electric vehicle prices being too high is simple—there isn't enough competition yet.
The key lies with policymakers, who should establish an appropriate market framework so that manufacturers no longer need to proceed with caution but instead dare to innovate boldly and bring novel products to market. Otherwise, the global automotive market will ultimately be handed over to Chinese manufacturers."
Source: DW
Original: toutiao.com/article/1862464023208972/
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