News Digest Item
24 Jul 2018

German central bank warns of increased competition from China in the field of electric cars

Deutsche Bundesbank / Spiegel Online

China’s interest in higher-value exports could put German exporters “under increased competitive pressure,” the Deutsche Bundesbank says in a new monthly report. The publication’s authors expect German manufacturers to face strong competition from China in the field of electric cars in particular, according to an article in Spiegel Online. China’s “Made in China 2025” strategy threatens Germany in the domains it has long dominated, such as automobiles, the Spiegel Online article says.

Read the report in German here and the article in German here.

For background, read the dossier The Energiewende and German carmakers and the article Chinese-German battery cell deal key step for mobility transition.

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