India’s New EV Import Policy: A Boon for Global Manufacturers?To boost India’s electric vehicle (EV) industry, the government has unveiled a new import policy, having a two-pronged approach: first, to attract investments in premium EV manufacturing. This could bring globally recognized brands and advanced technologies to India. Second, the policy aims to promote localization, encouraging the domestic production of EVs. This focus on local manufacturing protects existing Indian companies that are currently catering to the price-conscious consumer segment with affordable EVs. By creating this framework, the government hopes to foster a sustainable EV ecosystem in India, with options for both …
Challenges within the German Automotive Network
Challenges within the German Automotive NetworkThe German automotive industry, renowned for its precision engineering and collaborative spirit between manufacturers and suppliers, is facing a tumultuous period marked by rising tensions between the major automakers and their suppliers. The strained relationship has led to significant disruptions and financial losses. The situation underscores broader challenges within the industry, including heightened cost pressures, increasing complexity of vehicle components, and shifting market dynamics.At the heart of the issue lies a breakdown in the traditionally close-knit partnership between the major automakers and their suppliers. Instances of faulty or delayed components, ranging from brakes to batteries, …
Automechanika Schanghai 2023
Automechanika Shanghai 2023Der China Auto After-Sales Market Entrepreneurs Boundless Summit und die AMR High-End Cocktail Party wurden erfolgreich in Shanghai abgehalten. Die Veranstaltung wurde in einem komfortablen, freien und offenen „TED TALK“-Vortragsformat abgehalten, um zukunftsweisende Ideen zu verbreiten und eine Plattform für Diskussionen auf höchster Managementebene zu schaffen. Unsere Managing Consultant, Frau Addie Wei, hielt einen Vortrag mit dem Titel „The Roadmap of Chinese OEMs Going Global and Opportunities in the Chinese After-Sales Market“.In ihrem Vortrag hob Frau Wei hervor, dass mit dem kontinuierlichen Wachstum des Marktanteils von intelligenten Elektrofahrzeugen die Beziehung zwischen Automobilunternehmen und Kundendienstanbietern einen Umgestaltungsprozess durchläuft. Dieser …
Automechanika Shanghai 2023
Automechanika Shanghai 2023The China Auto After-sales Market Entrepreneurs Boundless Summit and AMR High-end Cocktail Party were successfully held in Shanghai. The event adopted a comfortable, free, and open „TED TALK“ speech format to disseminate leading-edge thinking and establish a platform for top-level management discussions. Our Managing Consultant, Ms. Addie Wei, delivered a speech titled „The Roadmap of Chinese OEMs Going Global and Opportunities in the Chinese After-sales market.“In her presentation, Ms. Wei highlighted that, with the continuous growth in market share of intelligent electric vehicles, the relationship between car companies and after-sales service providers is undergoing a reshaping process. This …
Volkswagen in China’s NEV Market: Challenges & Changes
Volkwagen in China’s NEV Market: Challenges & ChangesHow does VW perform in China’s New Energy Vehicle (NEV) market? In 2021, Volkswagen’s new energy vehicle “ID series” did not meet the Board’s expectations. It reached an annual sales volume of roughly 70,000 cars, lower than the target 80,000. The pioneer in this industry, Tesla, performed far better – reaching a significant volume of 936,000 shipped units. Besides that, the competition did not just come from Tesla. Local new energy automakers such as BYD, NIO, and Xpeng all delivered outstanding sales outcomes of 594,000, 91,000 and 98,000 units respectively. Together these players …
Fuel-Cell Vehicles in China – Quo Vadis?
Quo Vadis Fuel-Cell in China?What is the state of automotive fuel-cell development worldwide? After years of development, fuel-cell electric vehicles (FCEV) still pose a considerable controversy among OEMs, particularly when it comes to passenger car applications. Although notable progress has been made to develop hydrogen fuel-cell vehicles, the overall market in the passenger segment remains small compared to battery cars (BEV). The global FCEV stock reached 45,000 units by 2021, with Japanese and Korean car models leading the market. Long-term projections forecast an annual sales volume of 150,000 units by 2030, and mobility heavyweights have put hydrogen on their development …
The State of China’s Automotive Industry in 2021
China Automotive Industry in 2021What is the state of the Chinese automotive market? China as the world’s largest automotive market represents ~30% of global sales – despite being affected by the COVID-19 pandemic in the beginning of 2020. 25.3 million cars were sold (-1.9% YoY) in 2020 and passenger and commercial vehicle contributed 80% and 20% share respectively. Booming NEV sales also drove the market with 1.3 million sold units (+11% YoY). Up to the end of September in 2021, the entire car market has reached sales volume of 18.6 million (+8.7% YoY) with 2.2 million NEV sold (+190% YoY), …
Hefei – A Rising E-Mobility Hub
Hefei – A Rising E-Mobility HubHefei, the capital of Anhui Province and home to 8 million people, is slowly rising to become one of China’s leading e-mobility and battery technology hubs, thus supporting the government’s direction of gaining a leading position in the global EV market. The city, which is located within 450 km of Shanghai (~5 hours drive, 2 hours by HSR), sees a growing number of companies setting up their business due to favorable policy support and funding by the local government with the aim of reaching an output of 1 million NEVs in 2025.Which companies are driving …