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Auto Shanghai 2021: German carmakers fully committed to EVs

With around 1000 exhibitors, the “Auto Shanghai” is the largest car show in the world. German suppliers present their new electric cars in elaborate shows, with which they want to come out of the defensive. Many models have been specially designed or adapted for the Chinese market.

By
Frank Sieren
Image of Frank Sieren

According to a study by the consulting firm Ernst&Young (EY), which was published in time for Auto Shanghai 2021 that’s currently underway, German car manufacturers have weathered the COVID-19 crisis comparatively well. According to the study, Daimler, Volkswagen, and BMW, with a combined decline in sales of ten percent, a drop in unit sales of 14 percent, and a decline in operating profit of 26 percent, have performed significantly better on average than major carmakers in other countries.

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