Audi Stuck With Low Returns on Rising Europe, China Competition
- China became the world's largest car exporter in 2023 by shipping 5.26 million vehicles abroad, surpassing Japan and the West.
- This shift followed 15 years of Chinese government subsidies, infrastructure investments, and focused support for companies like BYD.
- BYD exceeded Tesla's Q4 2023 electric vehicle sales, producing at unmatched scale from its large Zhengzhou factory and benefiting from government aid.
- Chinese EVs sell for 30-40% less internationally while offering competitive technology, prompting U.S. And EU tariffs up to 100% and supply chain investments.
- Observers warn China could dominate the EV supply chain by 2030, and failure to counter this may cause Western industries significant setbacks.
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AUDI presents its first model and Volkswagen three unpublished concept-cars
The Volkswagen consortium, represented by the new brand for the Chinese market AUDI, and the Volkswagen itself, showed several novelties destined for China. The most outstanding of the first is its premiere with the E5 Sportback, wrapped by some deri
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