China’s major state-owned automotive companies – Changan Automobile, FAW Group and Dongfeng Motor – have lost touch with electromobility. This is mainly due to their lack of investment opportunities and risk aversion. New government assessment criteria are intended to help these companies raise the necessary money for research and development. However, the impact on the […]
Felix Poernbacher is already talking about a revolution. The reason: His German company DeepDrive has achieved a breakthrough in wheel hub technology. The company is currently carrying out trials with BMW. Continental also partnered with DeepDrive and is working on scaling up the technology. Poernbacher is confident: “We believe that the development of our dual-rotor […]
On a global scale, the automotive supplier industry is doing extremely well. The 100 largest suppliers generated a total turnover of 1,135 billion euros in 2023. That is a new record and an increase of 6.9 percent compared to the previous year. And this is despite the fact that global car sales are still below […]
In 2014, around six million used cars were sold in China; by 2023, it was already 18.4 million – a record. And the boom is likely to continue this year, too. This is also partly due to the Chinese government drastically liberalizing the used car trade in 2022. It significantly simplified complex taxes, abolished bureaucratic […]
Things are currently not going well for Continental in Europe. Business in China is expected to compensate for this. Continental is planning to invest billions in China, while the company is cutting costs in Germany. This is part of the company’s de-risking strategy. The supplier wants to use sales and partnerships in the People’s Republic […]
A range extender is a relatively small engine with a generator. When the battery in an electric car runs out of power, the range extender kicks in and recharges the battery. This technology is very popular in China and has been adopted across all vehicle classes, forcing European manufacturers to reconsider their stance. In Europe, […]
At the Vienna Motor Symposium 2024, the Chinese manufacturer FAW surprised with a new engine concept. The new engine runs on both hydrogen and gasoline. It can also be combined as a hybrid with an electric motor. This would allow it to utilize three energy sources.It is unclear how practical the concept really is – […]
The initiative “The Autonomous” aims to promote global safety standards for autonomous driving. The European participants in the new platform believe that Chinese manufacturers can learn from European manufacturers, at least in this regard. The industry leaders, scientists and experts involved in the initiative want to counter the impression that China is pulling away when […]
China’s automotive industry is struggling with legal requirements. The multi-stage plan to achieve the carbon reduction targets stipulates that the average gasoline consumption of new cars must only be 4.6 liters per hundred kilometers from 2026 – this is the fifth stage. The sixth stage will come into force in 2030, when it is expected […]
Over the next three years, Xpeng plans to launch 30 new models – an unusually high number by automotive industry standards. This is according to an internal letter to employees, as reported by the online medium CN-EV-Post. This includes, among other things, lower-priced models under the equivalent of 20,000 euros for the global market. Given […]