Electric shock: Is China overtaking car country Germany? | To The Point
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Published 2024-06-20
Germany’s formerly venerable auto industry –once responsible for more exports, turnover and jobs than any other branch of the economy– risks being surpassed by electric vehicles…made in China.
Were carmakers asleep at the wheel? And are punitive tariffs like those imposed by Washington the answer, or could they put globalization into reverse?
Today we’re asking: Electric shock: Is China overtaking car country Germany?
Felix Lee, writes for the online website China.Table Professional Briefing. He has reported from Beijing as China correspondent for numerous German language media.
Clifford Coonan is an editor and China analyst at DW, he previously served for over 15 years as the Irish Times China correspondent.
Beatrix Keim is Director of Business Development & China at the CAR Center for Automotive Research, she joins us virtually
Chapters:
00:00 Is Germany stalling as a motor of the EU economy?
03:30 Car industry still frontrunner of German industry
05:00 Germany’s auto industry is lagging behind
07:15 German auto industry is in crisis
08:00 Germany’s auto industry is “big money maker”
09:00 Germany’s car industry can manage the turnaround
10:00 Germany has to adopt “China-speed”
11:00 Only 10 out of 100 Chinese automakers will survive
12:30 Why did the German automakers cling to combustion engines?
14:00 German carmakers can’t compete with China carmakers
15:00 Why is China in the lead?
16:15 Both decarbonization and digitalization have disrupted the industry
18:00 EU wants to adopt higher tariffs on cars from China
19:00 Will there be a full trade war between China and the EU?
20:00 Chinese car industry has huge overcapacity
21:00 BYD is essentially a battery maker
23:00 Tariffs hurt consumers
24:30 Will full decoupling from China end globalization?
25:00 Decoupling from China no – but yes to de-risking
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#China #Germany #Electricvehicle
All Comments (21)
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"Is China overtaking car country Germany?" Yes. Saved you 26 minutes of your busy day. No need to thank me.
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Over capacity . This is unrealistic , China exports about 20% of their car but Germany exports about 70% of their car. Then who has over capacity!!!!!!!
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That guy is still asleep. The China speed is not due to cheap labour anymore. China has abundant engineers, foresight, and highly automated auto factories
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France sells its wines to China. France has overcapacity in wines. They make more than they can consume. Cheese too. luxury goods. France makes more luxury goods than their people buy. Overcapacity ⚠ Over capacity is a nonsense term.
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The same people and medias said, In the past, China couldn’t make it. Then poor product quality. Then safety issues Then democracy and national security issue. Now over capacity. .... China are constantly improving their technology and products, but here we just keep drinking coffee, criticizing and complaining.😢
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It is Chinese fault - they move too fast. LOL
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Germany has only itself to blame
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"China can not do whatever it wants"? Is that to say that it can only do what the US allows it to do? What arrogance!
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Soon Chinese parents will look at their children at dinner time and say ： "If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."
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From what the speakers said, Germany is still complacent, blame China and self examine. Germany cars are doomed
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im german 50 & living at berlin. im so shocked at these chinese cars - they are very good!
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Simple logic, Russian cheap energy was an engine for German economy and industries. Germany can’t be competitive anymore.
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When I, a native German, think of the chinese car industry, my first association is: cheap. When I think of the german car industry, my first association is: cheat. The chinese EVs may or may not be the same level of engineering, but they meet the emission standards without cheating software. German car industry in a way deserves this for not switching to EV production too, it's just sad it will hurt so many innocent people. Should hold the managers accountable, financially.
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As a Chinese, I don't think it is about "overtaking" Germany, Germany as a great nation will always have a very decent share of the global automobile market. The real question here is will Germany be willing to acknowledge the fact that China is now also a fully qualified player ready to take a similar share of the same global market using its highly innovate and Euro NCAP 5 stars top ranking EV cars.
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Does DW imply that Germany overcapacity in car-making till now？
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As an owner of BMW since 2015, I would say my next car will be Chinese EV, overall Germany cars are still good in quality but leak of innovation and behind on degitalization… the preceiption of the guests of DW represent the Western world, afraid of competition yet still looking down Chinese from very high position and refuse they are technologically behind but keep blaming China for subsidies, cheap labour and etc…Kodak, Nokia and BMW 10years later, I’ll not susprise if they don’t change.
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First they ignore you Then they laugh at you Then they fight you Then you win
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What overcapacity? When western companies make more products to export to China, it was not overcapacity, but when it is reversed, it is overcapacity? So when Airbus make more planes than European demands, and make planes to export, is it overcapacity?
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Germany would suffer when EU put restriction over china EV car import.
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German cars was polluting too much
