German car executives may have had very mixed feelings about China over the past year and a half. It is true that business in the People’s Republic saved their balance sheets during the Covid crisis. At the same time, however, Volkswagen, Daimler and BMW had to accept that despite their own model offensives, the EV business in China remains firmly in the hands of domestic manufacturers. They were in the starting blocks years before the Germans and seemed unwilling to relinquish their lead in their own domestic market.
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