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German fallacy on China’s car market

Night market for cars in Nanjing: German manufacturers are less and less represented.

German automakers are increasingly taking on the role of spectators in the Chinese car market. In the booming market for EVs, Volkswagen has just a 2.4 percent market share. BMW and Mercedes have less than one percent, figures from the state motor insurance company show. The problem is self-made, a high-ranking Mercedes insider tells Table.Media. The joint ventures with competitors from the People’s Republic were a mistake in the long term and the technical lead of Chinese manufacturers in e-mobility can no longer be made up.

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