Etiqueta: Volkswagen

SHANGHAI (Reuters) -China's annual auto shows have become the world's premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world's biggest car market. But the Shanghai auto show opened on Wednesday amid industry-wide uncertainty over how the U.S.-China trade war could sap demand and upend supply chains as about 70 automakers launched more than 100 new models into a crowded market with more losers than winners. Automakers also wrestled with a Chinese government crackdown, announced last week, on the marketing of smart-driving systems that many industry executives view as the next technological battleground here.

SHANGHAI (Reuters) -China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars. But the Shanghai auto show opened on Wednesday amid deep industry-wide uncertainty over how the U.S.-China trade war could dampen demand and scramble supply chains as 100 more models launch into an already crowded market with more losers than winners. In a further complication, Chinese regulators signalled more and tougher scrutiny for smart-driving features that many automakers had seen as the next big thing in setting apart their cars from competitors just a week ago.

Sign up for CleanTechnica's Weekly Substack for Zach and Scott's in-depth analyses and high level summaries, sign up for our daily newsletter, and/or follow us on Google News! Volkswagen is one of the legacy automakers that is trying to transition to EVs quickly in China (and elsewhere) in order to ... [continued]

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