‚Half of the companies at next week’s Internationale Automobil-Ausstellung in Munich will be foreign, with 41% of exhibitors coming from Asia.
The ranks of Chinese manufacturers in attendance — which includes electric-car makers BYD Co., Nio Inc. and Xpeng Inc. — will more than double compared to just two years ago.‘
Everybody looking at Chinas GDP. It’s a facade. The CCP government buys the cars and puts them in fields to rot. Now think about everything else they produce…
Of course, the EU sabotaged the European automotive industry with its policy to transition to electric cars by 2030. German car manufacturers have a strong competitive advantage in gas-powered cars but they are lagging in electric cars and won’t be able to catch-up. These policies have likely been lobbied by Chinese interests.
If the real goal was to reduced carbon emissions, they should have forced a CO2 reduction objective, as opposed to force a technological « solution ».
