Patrick Chou, 52, has been selling luxury cars in China since 1998. From Bentleys to Porsches, he fulfills all the four-wheeled desires of the super-rich. Chou is convinced that European providers will continue to dominate the market for a long time. In the interview, he explains why many young people are also among his customers and why he is able to collect so much data on his customers in China. Frank Sieren conducted the interview.
By Frank Sieren
Cars are responsible for a significant portion of CO2 emissions in China, Europe, and the US. New figures show that the market for EVs is growing rapidly. But the growth is not yet enough to meet the sector's climate targets. And while Europe is betting heavily on plug-in hybrids, China sells mostly pure EVs and dominates the market in e-buses. But the climate problem remains.
By Nico Beckert
In January, Paris takes over the Presidency of the Council of the EU. There is no official programme yet, but the priorities are gradually becoming known. We analyse potential conflicts with European partners and the influence of the upcoming presidential election in April.
By Redaktion Table
The European Parliament and the Council have largely finalized their positions on the Digital Markets Act, the most important plan to regulate the big digital companies. We have taken a close look at the documents: Where the two institutions are on the same page, what lines of conflict are emerging in the trilogue — and how effective the regulations can actually be.
By Till Hoppe
Chinese tennis player Peng Shuai disappeared after accusing a top Chinese politician of sexual assault. Instead of attempting to resolve the situation, Beijing is cracking down with harsh censorship.
By Redaktion Table
Siemens Mobility plans to sell its subsidiary Yunex, which offers technology solutions for traffic control. In addition to European and American bidders, Chinese tech company Hisense is now also expressing interest. In view of the rapid digitalization of traffic in China, the acquisition would be particularly promising.
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After six years of construction, China has completed its first high-speed railway line with an international connection. It leads to Laos. Elsewhere, however, ambitious railway plans are at a standstill, partly because of the Covid pandemic. But in the future, construction work will resume. The People's Republic wants to draw in neighboring countries with a high-speed train network.
By Frank Sieren
