- The global automotive market is seeing intensifying competition, with Europe struggling while China experiences strong demand for NEVs.
- German carmakers are struggling with market shifts in Europe as Chinese manufacturers, including Chery, seek production partnerships and gain market share.
- German industry is relocating to China for survival amid economic pressures and market shifts.
VDMA, representing German engineering interests, engages in the Sino-US tech power struggle in Shanghai, calling for unified European value chain development.
1 report, 1 independent
Updated Aug 19
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What happened
VDMA, representing German engineering interests, engages in the Sino-US tech power struggle in Shanghai, calling for unified European value chain development.
Who's involved
What this event is mainly aboutKeep exploring
Part of
German industry is relocating to China for survival amid economic pressures and market shifts.Also in this story
All 3 developmentsThe entities involved
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Shanghai
provincial-level municipality in China
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VDMA
organization of German machine building companies
Nothing else this week.
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Europe
terrestrial continent located in north-western Eurasia
Related events
- China leverages the perceived faltering of the US and the internal divisions within Europe.
- US corporate power is dominating tech development, which is affecting European interests and strategic planning.
- Chinese exports are challenging established European industries, with particular attention paid to high-end goods like those produced by Gucci.
- Huawei is facing significant geopolitical and technological headwinds as it attempts to expand its presence and technology into European markets.
- BMW is undergoing a major transformation due to structural crises, high European energy costs, and weak performance in China.