The automotive industry continues to face problems. Just when there were signs of relief along supply chains, the Ukraine war and an Omicron surge in China added new uncertainties. Continuously rising gasoline prices are also increasing the pressure to switch drive systems. However, EVs are even more digital by design – and Germany continues to […]
The lockdown in Shanghai is increasingly affecting the global economy. Volkswagen was forced to scale back production at its joint venture with SAIC Motor on Wednesday due to a shortage of parts. Assembly lines at Tesla were also at a standstill. Thyssenkrupp and Ireland-based auto supplier Aptiv also reported downtimes.Meanwhile, the lockdown is increasingly affecting […]
the auto industry continues to face difficulties. Just when there were signs of easing along the supply chain , the war and omicron in China created new uncertainties. The rise in gasoline prices, which may yet reach astronomical levels, is also increasing the pressure for a switch in drive types. However, e-cars are still more […]
Lance Zhou is the new CEO of U.S. electric car manufacturer Phoenix Motorcars. Zhou was previously CEO of Karma Automotive, a U.S. manufacturer of luxury electric vehicles. From 2015 to 2018, he was president of Beijing Foton Daimler Automotive.
The city of Changchun has publicly apologized to its citizens for food shortages. The supply shortages were said to be caused by a lockdown in several cities in the province of Jilin. Changchun is the capital of Jilin. “We are particularly anxious and angry about this, and we express our deep apologies to the public […]
The water quality continues to be excellent. But Shek-O Beach in Hong Kong is closed once again. The risk of Covid infections appears too great in the opinion of the city administration. Previously, pictures of full beaches had circulated on social media. Apparently, the approach is different than in Germany, where outdoor activities are considered […]
Standing in line for mass tests and take-out meals only: Shanghai’s 26 million citizens are coming to terms with the state of emergency. Starting Monday, the city government had surprisingly ordered a lockdown to stop the spread of Sars-CoV-2. After Omicron gained a foothold in the densely populated metropolis, concerns grew that the city could […]
Low-priced competition from the Far East has already been the downfall of several German industries. Televisions, cameras, solar cells, raw materials for antibiotics, toys. This pattern is so deeply rooted that fears about it quickly flare up. Now, the Chinese government is ramping up its subsidy machinery to pave the way to the EU for […]
Xi Jinping has certainly accomplished one thing with his idealistic support for Russia. The West is courting his favor more intensively than ever. In light of China’s return to its former glory, this must seem like a success. The US and the EU are now mixing pleas with threats: China must urge Russia to withdraw […]
Appealing to the World Trade Organization (WTO) is the EU’s correct response to the dispute with China over Lithuania – but at the same time, the chances of a clear ruling are low. This is the conclusion of a discussion event in the Global China Conversations series at the Kiel Institute for the World Economy […]