While Chinese auto OEMs gradually extend their footprints into Europe, foreign car manufacturers are heavily investing to stay successful in the highly competitive Chinese car market. Local partnerships play an increasingly important role, especially to gain access to technology and to conduct joint product development.
Von Experts Table.Briefings
Volkswagen is sneered at for relying on Chinese help in its race to catch up on the electric mobility market. But its new partner Xpeng could prove to be the right choice. The company has precisely the technology VW needs. And vice versa, it could also benefit from the market power of the Germans.
Von Jörn Petring
Volkswagen wird dafür belächelt, bei seiner Aufholjagd in der Elektromobilität auf chinesische Hilfe zu setzen. Doch der neue Partner Xpeng könnte sich als die richtige Wahl erweisen. Der Konzern verfügt über genau die Technologie, die VW braucht. Und könnte umgekehrt auch von der Marktmacht der Wolfsburger profitieren.
Von Jörn Petring
With the help of Chinese partners and competitors, Volkswagen aims to catch up in the world's largest passenger car market. To achieve this, the main VW brand has partnered with automaker Xpeng. Additionally, Audi will temporarily adopt the E-platform from SAIC. This tightens the bond with China like never before.
Von Felix Lee
Mithilfe chinesischer Partner und Konkurrenten will Volkswagen den Rückstand auf dem weltgrößten Pkw-Markt aufholen. Dazu schließt die Hauptmarke VW mit dem Autobauer Xpeng eine Kooperation. Audi wiederum übernimmt zeitweise die E-Plattform von SAIC. Die Bindung an China wird dadurch enger denn je.
Von Felix Lee
China is not the only country that utilizes government subsidies to invigorate the Electric Vehicle sector. Nations such as the United States and Germany are also providing considerable purchase grants and tax breaks. However, beyond promoting EV adoption, each country's industrial policy has different goals. Both China and the US provide incentives to encourage domestic production of vehicles and major components.
Von Experts Table.Briefings
