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Cars are hardly ever bought online. Not even by the otherwise digital-savvy Chinese customers. But new business models and vehicles could lead to a change. German manufacturers try to lead the way.
By Christian Domke Seidel
The recent Ministry of Industry and Information Technology (MIIT) report on settlement of NEV subsidies (2019-2020) for each automotive manufacturer reaffirms the trend of subsidy reductions. The MIIT plans to further cut the NEV subsidies by another 30% year-on-year in 2022 and fully terminate the subsidy scheme after 2022. Reacting to the subsidy cuts, both foreign and domestic automotive brands are adjusting their pricing strategy, but use different approaches.
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The Ukrainian government is reluctant to criticize China's "neutral" position on Russia's war of aggression. Instead, Kyiv sees an opportunity in the People's Republic's close ties to Vladimir Putin and would even welcome China's stronger role. But even a month and a half after the war broke out, there has been no direct interaction between the two presidents.
By Frank Sieren
China's Trojan Horse in Europe? The Orbán government won the parliamentary elections in Hungary by a large majority. By threatening to cut funding, the EU may be driving the country into Beijing's open arms.
By Amelie Richter
