“German carmakers unsettled by Chinas e-car revolution from above”
Handelsblatt
China is placing a radical bet on e-mobility by tabling a proposal to drastically increase e-car sales and ensuring a high share of those vehicles will be made by Chinese auto manufacturers, report Markus Fasse, Stefan Menzel and Stephan Scheuer in Handelsblatt. “These are alarming developments for German carmakers.” Their position in e-mobility is weak, and China is a hugely important market for them – VW sold 45 percent of its cars in China last year. “Behind closed doors, several carmakers worry they might be pushed out of this promising market in the longer term.”
Read the article in German (behind paywall) here.
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