Home Business In an EV world, Europe’s automakers are even more reliant on China

In an EV world, Europe’s automakers are even more reliant on China

by kimadmin
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Three major German carmakers have separately made announcements this month that underscore just how important China is to their electric vehicle ambitions.

Mercedes-Benz has just kicked off production of its all-electric EQE model at its factory in Beijing. Soon after, BMW officially opened a new factory in the northeastern city of Shenyang. Days after that, Audi broke ground on a new manufacturing plant in the northeastern city of Changchun.

The companies’ back-to-back announcements caught the attention of Chinese media. “The three major German luxury car makers…simultaneously held a new factory production or groundbreaking ceremony in China, something that has not happened in the past decade or so,” noted the Economic Observer (link in Chinese), a business newspaper.

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