Etiqueta: FAW

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

China uses subsidies extensively to take a leading role in the global markets of green-tech products such as battery electric vehicles and wind turbines. Against the background of the current EU investigations into Chinese subsidies in these sectors, this article takes a careful look at the Chinese subsidy system and provides new data on direct government subsidies to leading Chinese producers of electric cars and wind turbines. Extensive government support has allowed Chinese companies to scale up rapidly, to dominate the Chinese market and to expand into foreign markets. The article concludes that the EU should use its strong bargaining power due to the single market to induce the Chinese government to abandon the most harmful subsidies.

MUNICH (Reuters) -Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales. At this week's IAA Mobility car show in Munich, China's auto firms - facing a tough price war at home - were increasingly bullish about their plans for Europe, dominated still by local brands such as Volkswagen and Renault. "Everything we do starts with the needs of European users," said GAC's president of international operations Wei Haigang as the Chinese automaker showed off the Aion V electric SUV that will start sales in Poland, Portugal and Finland this month, and the Aion UT set to go on sale in Europe next year.

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.

Audi AG's new China-only sub-brand, which drops its famous four rings in favor of a "lettermark" badge, is drawing both praise and skepticism after opening pre-sales of its first model last week.

Brand and Channel Penetration in Lower - Tier Markets: Strategies and Opportunities

The Chinese global battery market leader CATL is further expanding its after-sales business. The service division Ning has now opened new flagship stores in