World benefits from greater China-Germany economic cooperation
8 months, 1 week ago

World benefits from greater China-Germany economic cooperation

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. During Scholz's inaugural visit to China as German chancellor in 2022, amidst a hullabaloo of "decoupling," significant strides were made in bolstering mutual understanding and trust between the two nations. With strong economic interdependence, China and Germany, as the world's second-largest economy and the EU's largest economy respectively, should continue to ride the irreversible tide of closer and mutually beneficial cooperation in the era of globalization, jointly injecting momentum into global economic recovery. During an interview with Xinhua last year, Volkswagen Group CEO Oliver Blume said cooperation with China upholds Volkswagen's business all around the world and "makes the company even stronger." The rise of the Chinese EV industry helps German carmakers to "become faster," Ferdinand Dudenhoeffer, director of the Germany-based CAR Center Automotive Research Duisburg said.

China Germany Bilateral Relations Cooperation Chinese German German Carmakers  economic  greater  global  germany  cooperation  visit  companies  china  energy  world  german  benefits  chinagermany  carmakers  ev

History of this topic

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
1 week, 1 day ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting
2 weeks ago

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting

Live Mint  

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing. “The failure to establish domestic battery manufacturing capabilities threatens the very existence of the automotive industry in Europe,” said Andy Palmer, former chief executive officer of Aston Martin Global Lagonda Holdings Plc. By the time Europe’s automakers went all in on electric cars, …

Riding toward a cleaner, greener world
1 month ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Riding toward a cleaner, greener world
1 month ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Insiders: Partnerships crucial in driving NEV industry forward
Trending News
1 month, 2 weeks ago

Insiders: Partnerships crucial in driving NEV industry forward

China Daily  

A Porsche electric car on display at the ongoing China International Import Expo in Shanghai. ZOU HONG/CHINA DAILY Open and collaborative partnerships are the intrinsic forces for developing the global new energy vehicle industry, in order to drive technological advancements and tackle climate change, officials and executives said on Wednesday. China's NEVs not only provide diversified and cost-effective choices for …

Insiders: Partnerships crucial in driving NEV industry forward
Trending News
1 month, 2 weeks ago

Insiders: Partnerships crucial in driving NEV industry forward

China Daily  

A Porsche electric car on display at the ongoing China International Import Expo in Shanghai. ZOU HONG/CHINA DAILY Open and collaborative partnerships are the intrinsic forces for developing the global new energy vehicle industry, in order to drive technological advancements and tackle climate change, officials and executives said on Wednesday. China's NEVs not only provide diversified and cost-effective choices for …

MOC: Beijing has always supported positive ties between China, Europe car industries
1 month, 3 weeks ago

MOC: Beijing has always supported positive ties between China, Europe car industries

China Daily  

A SAIC model is driven into a cargo ship headed to Europe. China has consistently supported and encouraged mutually beneficial economic and trade cooperation between the Chinese and European automotive industries, said the Ministry of Commerce on Thursday. Speaking at a weekly briefing in Beijing, He Yadong, the spokesman for the ministry, stressed that China has continuously maintained an open …

How electric car sales have slumped around the world
1 month, 3 weeks ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China
1 month, 3 weeks ago

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China

Firstpost  

The European Union (EU) has imposed tariffs of up to 45.3 per cent on Chinese-built electric vehicles to counter alleged subsidies. The new rates will take effect the following day and will apply to Chinese brands' share of the EU market, which is estimated to be 8 per cent from below 1 per cent in 2019. The EU's stance towards …

‘Made in China’ Vies for Europe’s Luxury Car Market
1 month, 3 weeks ago

‘Made in China’ Vies for Europe’s Luxury Car Market

Bloomberg  

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. With the latest digital tricks, leather dashboards and champagne coolers — but sometimes at half the price — Chinese automakers are seriously threatening European manufacturers in the luxury-car segment. Just listen to Ford CEO Jim Farley rave about the Xiaomi SU7 …

German Automakers Embolden Against Chinese Competition
2 months ago

German Automakers Embolden Against Chinese Competition

China Daily  

German carmakers are being encouraged by the German Chancellor to face competition from China in the electric vehicle market. German Chancellor Olaf Scholz called on German automakers not to be afraid of competition from Chinese rivals, and encouraged them to join hands with local Chinese technology companies to develop new models tailored for tech-savvy Chinese consumers.

China and Germany Rekindle Auto Cooperation, Shaping Future of Sustainable Mobility
2 months ago

China and Germany Rekindle Auto Cooperation, Shaping Future of Sustainable Mobility

China Daily  

Chinese and German automakers are exploring new ways to enhance their long-standing cooperation, focusing on digitalization and sustainable transformation. The conference brought together 400 representatives from the auto industries of both countries to discuss common ground and explore potential areas of collaboration. Both sides emphasized the importance of international cooperation in the automotive sector, acknowledging the significant contributions of German …

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China
2 months ago

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China

China Daily  

German multinational giant Bosch signs an agreement to establish its strategic commercial vehicle China headquarters in Wuxi, East China's Jiangsu province. The project aims to build an innovation industrial park for commercial vehicles, focusing on providing technological solutions in fields of vehicle electrification and assisted driving.

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China
2 months ago

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China

China Daily  

German multinational giant Bosch signs an agreement to establish its strategic commercial vehicle China headquarters in Wuxi, East China's Jiangsu province. The project aims to build an innovation industrial park for commercial vehicles, focusing on providing technological solutions in fields of vehicle electrification and assisted driving.

Germany's Bosch to launch strategic commercial vehicle project in China
2 months ago

Germany's Bosch to launch strategic commercial vehicle project in China

China Daily  

Germany's Bosch to launch strategic commercial vehicle project in China Xinhua Updated: Oct 18, 2024 German industrial giant Bosch displays its intelligent transportation facilities and smart vehicle products during Auto Shanghai 2019 on April 16. NANJING -- German multinational giant Bosch Group signed an agreement Wednesday evening to set up its strategic commercial vehicle China headquarters in the city of …

German Firms Embracing China's Market Potential: A Crucial Corner for Success
2 months, 3 weeks ago

German Firms Embracing China's Market Potential: A Crucial Corner for Success

China Daily  

German investments in China remain strong, with the country being a crucial market for the German economy. The economic and trade relations between the two countries have deepened significantly, and both sides have demonstrated substantial potential for mutual learning and win-win outcomes. Business ecosystems play a critical role in the development of hidden champions, enabling SMEs to achieve market leadership …

Chinese, European EV professionals call for cooperation, oppose trade protectionism
2 months, 3 weeks ago

Chinese, European EV professionals call for cooperation, oppose trade protectionism

China Daily  

An employee works at an auto production line in Wuhan, Central China's Hubei province. HAIKOU - Both Chinese and European electric vehicle makers and experts are calling for global cooperation and opposing trade protectionism at the ongoing 2024 World New Energy Vehicle Congress. The automobile industry is an industry of global cooperation, and Geely always adheres to free trade and …

Chinese, European EV professionals call for cooperation, oppose trade protectionism
2 months, 3 weeks ago

Chinese, European EV professionals call for cooperation, oppose trade protectionism

China Daily  

An employee works at an auto production line in Wuhan, Central China's Hubei province. HAIKOU - Both Chinese and European electric vehicle makers and experts are calling for global cooperation and opposing trade protectionism at the ongoing 2024 World New Energy Vehicle Congress. The automobile industry is an industry of global cooperation, and Geely always adheres to free trade and …

Cooperation between China, Europe called key for future of electric vehicle industry
3 months ago

Cooperation between China, Europe called key for future of electric vehicle industry

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. China has vowed to continue negotiations until the very last moment in response to the European Union's anti-subsidy probe into battery electric vehicles produced in China, Minister of Commerce Wang Wentao said on Wednesday. The future success of the automotive industry in both China …

Cooperation between China, Europe called key for future of electric vehicle industry
3 months ago

Cooperation between China, Europe called key for future of electric vehicle industry

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. China has vowed to continue negotiations until the very last moment in response to the European Union's anti-subsidy probe into battery electric vehicles produced in China, Minister of Commerce Wang Wentao said on Wednesday. The future success of the automotive industry in both China …

German economics minister urges political solution to EV tariffs with China
3 months ago

German economics minister urges political solution to EV tariffs with China

China Daily  

German Economics Minister Robert Habeck BERLIN - Germany's Economics Minister Robert Habeck has called for the European Union and China to reach a political solution to the issue of tariffs on electric vehicles. Emphasizing China's significance to the German and European economies, Habeck said fair competition conditions must be guaranteed and Germany welcomes competition with China. A government spokesperson said …

The wheels have come off Britain’s car industry – here’s how to get it back on the road
3 months, 2 weeks ago

The wheels have come off Britain’s car industry – here’s how to get it back on the road

The Independent  

Ask anyone involved in the British motor industry or the car trade what their biggest challenges have been over the past few years and for most, three words will immediately come to mind: Brexit. As Nowak points out, the “reset” could “ease pressures on supply chains, which is really important in sectors like automotive and aerospace … Because nobody builds …

For Volkswagen, the bumpy road to electric vehicles starts to hit home
3 months, 2 weeks ago

For Volkswagen, the bumpy road to electric vehicles starts to hit home

Live Mint  

Volkswagen’s suggestion that it might have to close a plant in Germany for the first time ever sets up a battle with its powerful union and highlights the mounting pressures on its namesake brand. The company said a “performance program" at its core Volkswagen brand that was agreed upon with union leaders last December would no longer be sufficient to …

Volkswagen electric car brand would be ‘wiped out’ by EU tariffs
3 months, 3 weeks ago

Volkswagen electric car brand would be ‘wiped out’ by EU tariffs

The Telegraph  

An electric vehicle brand owned by Volkswagen would be “wiped out” by proposed European Union tariffs aimed at China, according to a top executive at the car giant. Models in Volkswagen’s Cupra brand are designed in Spain but include cars made in China, which would face tariffs of 21.3pc under proposals from the European Commission. Raising the price of the …

Practical Sino-German cooperation boon for both
3 months, 3 weeks ago

Practical Sino-German cooperation boon for both

China Daily  

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. CHINA DAILY After the European Commission announced that it would impose high tariffs on Chinese new energy vehicles, German automakers such as BMW, Volkswagen and Mercedes-Benz expressed their opposition. "We don't think that our industry needs protection," BMW CEO Oliver Zipse was reported by …

Chinese electric vehicles: Overcapacity or advanced capacity?
4 months, 1 week ago

Chinese electric vehicles: Overcapacity or advanced capacity?

China Daily  

People visit the exhibition booth of BYD at an auto show in Xi'an, Northwest China's Shaanxi province, May 1, 2024. China, on the other hand, asserts that its EV industry represents advanced capacity that helps combat climate change and promote global green transition, and accuses Washington of undermining fair and free trade and competition. In the 1980s, Japan's semiconductor industry …

Chinese electric vehicles: Overcapacity or advanced capacity?
4 months, 1 week ago

Chinese electric vehicles: Overcapacity or advanced capacity?

China Daily  

People visit the exhibition booth of BYD at an auto show in Xi'an, Northwest China's Shaanxi province, May 1, 2024. China, on the other hand, asserts that its EV industry represents advanced capacity that helps combat climate change and promote global green transition, and accuses Washington of undermining fair and free trade and competition. In the 1980s, Japan's semiconductor industry …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

Chinese electric cars will be dumped in Britain, experts warn
4 months, 1 week ago

Chinese electric cars will be dumped in Britain, experts warn

The Telegraph  

Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of EVs. “The UK is …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, Xu Daquan, president of Bosch Investment Ltd, a country branch of …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

By ZHONG NAN | China Daily Global | Updated: 2024-08-16 09:58 Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, …

Why new energy 'overcapacity' claims are false
4 months, 1 week ago

Why new energy 'overcapacity' claims are false

China Daily  

CAI MENG/CHINA DAILY Some Western nations have been touting the so-called "overcapacity "problem of China in recent years, alleging that China's "excess capacity" in the new energy sector has disrupted and threatened the international market. The term overcapacity refers to a scenario in which production capacity of an industry exceeds market demand and expected levels, indicating a disequilibrium in the …

Why new energy 'overcapacity' claims are false
4 months, 1 week ago

Why new energy 'overcapacity' claims are false

China Daily  

CAI MENG/CHINA DAILY Some Western nations have been touting the so-called "overcapacity "problem of China in recent years, alleging that China's "excess capacity" in the new energy sector has disrupted and threatened the international market. The term overcapacity refers to a scenario in which production capacity of an industry exceeds market demand and expected levels, indicating a disequilibrium in the …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

Countering EU misconceptions about Chinese electric vehicles imperative
5 months, 1 week ago

Countering EU misconceptions about Chinese electric vehicles imperative

China Daily  

The exhibition area of BYD during the Ecar Show 2024 in Lisbon, Portugal, in May. WEN XINNIAN/XINHUA GENEVA — The EU's decision to impose provisional tariffs on electric vehicles imported from China starting July 4 has triggered strong dissatisfaction from both Chinese and European automakers, prompting the two sides to start consultations on the EU's anti-subsidy investigation of Chinese EVs …

China and EU to expedite consultations on tariffs on Chinese EVs
5 months, 2 weeks ago

China and EU to expedite consultations on tariffs on Chinese EVs

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. China and the European Union, based on facts and rules, will expedite consultations over the bloc's decision to impose hefty tariffs on Chinese-made battery electric vehicles, to reach a solution that is acceptable to both sides as quickly as possible, the Ministry of Commerce said …

China's EV sector continues to lead world's green transition
5 months, 3 weeks ago

China's EV sector continues to lead world's green transition

China Daily  

Visitors gather at the booth of BearingPoint during the sixth China International Import Expo in Shanghai in November, 2023. China's fast-growing electric vehicle sector will continue to lead the world's green transition and create enormous growth opportunities for upstream and downstream industries in both home and global markets in the years ahead, said foreign business executives. "This is evident in …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

China ready for dialogue on EVs if EU willing to talk: commerce minister
6 months ago

China ready for dialogue on EVs if EU willing to talk: commerce minister

China Daily  

BEIJING, June 22 -- China stands ready for dialogue and consultations on electric vehicles if the European Union is willing to sit down at the negotiating table with sincerity, Commerce Minister Wang Wentao said Saturday. China hopes that Germany will play a positive role in the EU, prompting the European side to meet China halfway, he told Habeck, who is …

China agrees to electric car tariff talks as EU fights to avoid trade war
6 months ago

China agrees to electric car tariff talks as EU fights to avoid trade war

The Telegraph  

The EU has clinched last-ditch talks with Beijing over plans to impose higher tariffs on Chinese imports of electric cars amid fears of a looming tit-for-tat trade war. Trade ministers from China and the European Commission agreed to start negotiations to settle a dispute over EU plans to raise tariffs on electric vehicle imports from China to up to 48pc. …

German trade bodies decry EV tariffs
6 months ago

German trade bodies decry EV tariffs

China Daily  

BYD new energy vehicles on display during an expo in Munich, Germany. The European Union's move to temporarily impose high additional tariffs of up to 38.1 percent on Chinese battery electric vehicles or BEVs from July weakens global cooperation and increases the risk of a global trade conflict, said German trade bodies recently. Hildegard Muller, president of the German Association …

German experts criticize EU tariffs on Chinese EVs
6 months ago

German experts criticize EU tariffs on Chinese EVs

China Daily  

By XING YI in London | China Daily Global | Updated: 2024-06-18 09:03 A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. The European Union's decision to impose additional tariffs on Chinese battery electric vehicles is a protectionist move that could trigger a global trade conflict and slow down Europe's electric mobility transition, …

Hopes visit will help drive settlement of EV dispute
6 months ago

Hopes visit will help drive settlement of EV dispute

China Daily  

German Economy and Climate Minister Robert Habeck attends the cabinet meeting at the Chancellery in Berlin, Germany, June 12, 2024. With the European Union and Beijing locked in a row about the EU's planned anti-subsidy tariffs on imports of Chinese electric vehicles, Robert Habeck, Germany's minister for economic affairs and climate action, is to visit China next week, said the …

European and Chinese carmakers slate tariffs
6 months, 1 week ago

European and Chinese carmakers slate tariffs

China Daily  

A ro-ro ship carrying Chery vehicles is set to travel to overseas markets from a port in Wuhu, Anhui province, in May. The move, which Brussels said is to prevent "economic injury to EU battery electric vehicle producers", immediately sparked opposition from European carmakers and trade associations. The European Automobile Manufacturers' Association, which is known as ACEA, said: "Free and …

Chinese cars making inroads Down Under
6 months, 1 week ago

Chinese cars making inroads Down Under

China Daily  

It was not all that long ago when Australian roads were dominated by cars from the United States, Europe, Japan and South Korea. He told China Daily: "At the time Australia still had a domestic car sector which made entry all that more difficult for new entrants to the market. "Chinese EVs are cheaper in Australia than in Europe or …

For China’s booming EV industry, US and EU markets a tough nut to crack
6 months, 1 week ago

For China’s booming EV industry, US and EU markets a tough nut to crack

Al Jazeera  

Chinese EVs are facing a slew of tariffs in Western markets as policymakers fear local brands cannot compete on price. “Many Chinese EVs are made with excellent materials and have been put together well – they are high-quality cars,” Berner, a mechanical engineer by trade, told Al Jazeera. So far, Beijing has called the EU tariff hikes a “typical case …

Discover Related