China is threatened with a lower credit rating from the rating agency Fitch. On Wednesday, Fitch lowered its outlook for the country’s credit rating from “stable” to “negative”, citing increasing risks to the budget as a result of the switch to a new growth model.A negative outlook signals a potential downgrade in the credit rating. […]
Xpeng Motors from Guangzhou will launch the P7 saloon and the G9 mid-size SUV on the German market on May 1. Both cars can already be configured on their website and booked for a test drive. The test drives are made at dealerships, as Xpeng relies on the classic dealer model to sell its cars.Aside […]
Accelerating a German supplier to the speed now demanded by Chinese automakers is no easy task. Their structures, which have undoubtedly proven themselves over many years, are increasingly cumbersome. Young Chinese EV start-ups, some of which are barely ten years old or younger, are agile and willing to take risks. It sounds like a cultural […]
Will German car manufacturers become China’s stepping stones to Europe? That was the question in yesterday’s editorial after the uproar surrounding Mercedes CEO Ola Kallenius, who expressly rejects EU punitive tariffs against Chinese EVs and faced considerable backlash.For today’s issue, I passed the question on to Daniel Kirchert, who has almost 20 years of China […]
Mercedes CEO Ola Källenius has called on the EU Commission to lower tariffs on Chinese EVs instead of considering increasing them further. Is this demand naive?I agree with him on that. It is completely wrong to come up with regulations and trade barriers instead of pursuing a solid industrial policy. It is important that we […]
Chinese EV manufacturers and battery companies are being increasingly drawn into the world – and to Europe in particular. While raw material manufacturers and battery companies have invested here in recent years, such as CATL and Svolt in Germany, companies are now entering the market along the entire value chain, including vehicle production. This is […]
According to the US Department of Justice, a 38-year-old Chinese man who worked as a software developer at Google in California from 2019 to 2023 stole confidential AI project data for years. The man also worked secretly for Chinese companies. He now faces up to 40 years in prison.According to an AFP report, the man […]
The US government investigates Chinese cars for potential security risks. The White House announced that the focus is on whether the vehicles collect and transmit sensitive data to China. Modern car driver assistance systems use a variety of cameras and sensors. The US government fears that the data collected could fall into the wrong hands.The […]