Etiqueta: EU

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Europe’s auto industry will be grappling with a moribund economy and an existential threat from China as a motor show in Munich gets underway.

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

The little BYD Dolphin Surf city car could lead the way to a mass market for electric vehicles in Europe because it won’t need subsidies or government edicts to sell.

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BYD’s Profit Margin Compression and Slowing Growth: A Cautionary Tale for EV Investors

Tesla’s Struggling Entry in India and BYD’s Competitive Edge: A Deep Dive into EV Market Dynamics in Emerging Economies

The Munich auto show is approaching. While some foreign media outlets may seize the opportunity to highlight the “competition” posed by China, it is important to recognize that behind Chinese vehicles is an evolving supply chain built on China-Europe cooperation.