In early April, organizers canceled the auto show in Beijing. The pandemic and the zero-covid policy prevented the industry summit from taking place. Nevertheless, manufacturers took the opportunity to present their ideas for the cars of the future. Audi presented the Urban Sphere Concept (China.Table reported), BMW the i7 and Mercedes the EQS. All three […]
China’s car trade has a particularly fragmented structure. The hundred largest car dealer groups combined are responsible for just 30 percent of car sales in the People’s Republic, as calculated by the management consultancy McKinsey. In recent years, enormous growth rates saved the industry from major bankruptcies. But now pressure grows. Even the manufacturers react […]
Share trading was suspended and the annual financial statement was postponed. At subsidiaries, fixed amounts worth billions disappear and assets are frozen. Time and again, the group misses interest and loan repayments. In Germany, the managers of the Evergrande Group would probably have long since been charged with bankruptcy fraud for such tactics. In China, […]
Tech giants have discovered the automotive industry. As the industry maintains a steady shift towards digitalization, key strengths of traditional manufacturers are playing a decreasing role. So they have to reinvent themselves to keep up. The starting point for such a renewed shift in the global mobility market is China. Despite supply chain problems, semiconductor […]
The current opening of the Chinese economy should not be overrated – warns Juergen Matthes in an interview with China.Table. Matthes is the Head of the International Economics and Economic Outlook competence area at the German Economic Institute (IW) and explains: “There is a gradual but consistent trend in China away from a very restrictive […]
The roaring starting signal came in the form of Stellantis’ first six-month report for 2021. A profit of €8.6 billion within just six months meant an operating margin of 11.4 percent. Even as the semiconductor crisis intensified, Group CEO Carlos Tavares refused to depart from his target of a ten percent margin for the entire […]
Economic disaster warnings, on the one hand, euphoric plans for the future on the other: China’s massive semiconductor manufacturing problems can nowhere be observed in such a compressed form as in Shanghai. This is where China’s largest chip manufacturer (Semiconductor Manufacturing International Corp./SMIC) and Tesla, the world’s largest EV company, manufacture their products.Since the outbreak […]