Leading automotive suppliers have to reorganize their business model. For ZF Friedrichshafen, this means investing in China and cutting jobs in Germany. The company reasons that it wants to make itself crisis-proof. The strategy of de-risking is central to this: First and foremost, it means significantly increasing its commitment to the People’s Republic and localizing […]
The car manufacturer Geely has big plans. In early February, it launched eleven satellites into low-Earth orbit, bringing the car manufacturer to 20 communication satellites. The aim is to have 72 by 2025; the project envisages 240 satellites in the final constellation. Such a satellite network will enable extremely precise positioning of cars, communication between […]
You can now buy one for around 300,000 euros: EHang’s autonomous flying passenger transport drone. It could be the starting signal for a new mobility revolution – at least that is the hope of China’s flying vehicle industry. “This revolution will surpass the electrification of cars,” Guo Liang, CEO of Chinese flying car developer Aerofugia, […]
The Chinese ambassador in Berlin is meeting representatives of IG Metall and the recycling company SRW Metalfloat today, Thursday. They will hand over a letter addressing the background of the record strike that has been disrupting operations since March 8. The trade union and works council blame the Chinese investor for the situation. Scholz Recycling, […]
Numbers don’t lie, and they look good for Volkswagen in China. Last year, the company sold 3.2 million cars in the People’s Republic. Most of these – around three million – were cars with combustion engines and made a profit. However, the German company is increasingly falling behind in electromobility. An investment offensive is intended […]
The first milestone has been reached: Just nine years after its foundation, Li Auto has become the most successful Chinese EV manufacturer in the premium segment. But this is just the beginning for company founder and CEO Li Xiang. “We strive to become the No. 1 premium car brand in China in 2024 in terms […]
The strike at SRW Metalfloat in Germany near Leipzig is nearing its 100th day. However, the Chinese parent company Chiho has so far refused to improve working conditions or raise wages. Negotiations have not yet taken place, nor are they in sight. The German metalworkers’ union IG Metall has planned larger rallies for the 180 […]
In 2035, new cars that run on gasoline or diesel can no longer be sold in Canada. Due to the lack of domestic alternatives, Chinese manufacturers could close the supply gap. They offer what Canadian customers want: affordable electric cars. BYD has the best chance of gaining a substantial market share.In late 2023, Canadian Environment […]
Global maritime shipping is responsible for around three percent of global carbon emissions – in other words, around one billion tons per year. Shipping companies need to switch to greener propulsion systems to reduce this figure. Methanol and ammonia are in the lead here – with various advantages and disadvantages. As the world’s largest shipbuilder […]
China is working towards the energy transition and is in the process of drawing up corresponding roadmaps for the overall economy and industrial sectors. All companies will have to follow these plans in future – without jeopardizing their economic success. “In China, politics and business are often difficult to separate. The industry has to implement […]