- China currently dominates the electric vehicle, battery, and critical metals industries.
- However, other countries, such as Australia, India, and the US, have started pushing back against Chinese investment in these industries.
- There is suspicion and concern about Chinese EV companies in countries like France, which is calling for an investigation into unfair subsidies by the Chinese government.
- This could potentially lead to new tariffs on Chinese EV imports to the EU.
- China's recent actions, such as threatening to curb exports of important materials and banning coal imports from Australia, have further fueled concerns about dependence on China.
The main topic is the resignation of Xpeng's vice president of autonomous driving, Xinzhou Wu, and the impact it may have on the company's autonomous driving path.
Key points include:
- Wu played a pivotal role in helping Xpeng gain an edge over its EV rivals in the intelligent driving race.
- Xpeng is recognized for its in-house, full-stack development team responsible for creating the advanced driver assistance system Xpeng Navigation Guided Pilot (XNPG).
- Xpeng aims to reduce the number of manual takeovers per 1,000 kilometers when using its highway navigation to one or fewer by the end of 2023.
- Tesla has not made its Full Self-Driving (FSD) system available in China yet.
- Wu may be taking up a senior position in Nvidia's autonomous driving division.
- Xpeng recently announced a promising investment from Volkswagen for co-developing electric vehicle models for the Chinese market.
- Wu's resignation marks the end of an era at Xpeng and highlights the talent loss for the company.
- The resignation comes amid escalating tensions between the US and China, leading to downsizing of Chinese tech giants' US operations.
Stellantis, the owner of Jeep and Ram, is considering partnering with a Chinese EV maker to strengthen its brand in China's booming EV market, following in the footsteps of Volkswagen.
Chinese EV company BYD and Tesla are reporting strong earnings and are emerging as leaders in the electric vehicle industry.
The article discusses the potential for the West to use China's economic slowdown to gain an advantage in the electric car race, highlighting the need for a different approach to counter China's advantage. The author suggests welcoming Chinese investment and immigration of skilled Chinese scientists to strengthen the American EV industry and potentially weaken China.
BMW and Mercedes are intensifying their efforts in the electric vehicle market, unveiling new platforms and concept cars in response to competition from Chinese automakers and Tesla, although they may still lag behind in certain aspects.
Chinese companies have increased their presence in cutting-edge materials and electric vehicles, making it challenging for other countries to reduce their dependence on Chinese supply chains, despite protectionist measures.
European car manufacturers face an unwinnable battle with China as the EU proceeds with its ban on petrol cars, according to the CEO of BMW.
Europe's automakers are showcasing their latest electric vehicles at the IAA Mobility car show in an attempt to compete with Tesla and counter the increasing competition from Chinese companies such as BYD and Xpeng.
Europe's carmakers are facing a tough battle to catch up with China in the development of affordable and consumer-friendly electric vehicles, with Chinese EV makers already a generation ahead, according to industry analysts and executives at Munich's IAA mobility show.
Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain, and France in 2024, following its successful entry into the Netherlands and Norway.
The EU's plan to ban new gasoline and diesel vehicles by 2035 poses a significant risk to European car manufacturers who may struggle to compete with Chinese EV manufacturers in a price war, according to BMW chairman Oliver Zipse.
China's share of the European electric car market has more than doubled in less than two years, with the UK being the largest market for Chinese electric car brands, as new battery electric technology and lower prices have boosted sales and wiped away concerns about lower-quality cars, posing an "imminent risk" to the European industry, according to industry experts.
Volkswagen is prepared for Europe's 2035 ban on new sales of fossil-fuel cars and plans to lower battery costs through partnerships in China, according to Chief Executive Oliver Blume.
China's passenger vehicle sales experienced growth in August, driven by discounts and tax breaks on environmentally friendly and electric cars, despite a weak economy, and Tesla's share of the Chinese electric vehicle market nearly doubled.
Chinese electric vehicle (EV) makers are slashing prices to attract buyers, but analysts believe that these cuts may be the last for a while due to strong sales and thin profit margins.
Volkswagen is facing significant challenges in the global electric vehicle market, particularly in China, as it lags behind local competitors and Tesla, putting its position as an industry leader and German economic stability at risk.
Tesla is expected to benefit from European protectionist measures as regulators crack down on Chinese electric vehicle (EV) competition, causing stocks of Chinese EV companies like NIO and XPeng to plunge.
The European Union is investigating China's state support for electric vehicle makers due to concerns about the impact on European auto manufacturers, with Chinese companies already gaining a substantial market share in Europe through cheaper prices and subsidies.
China accuses the European Union of "blatant protectionism" following an "anti-subsidy" investigation into China's electric vehicle makers, posing a threat to China-EU trade relations and potentially leading to tariffs on Chinese EVs.
The European Union's increasing scrutiny of Chinese electric-vehicle companies has caused tension between the two, impacting the EV space and EU-China relations.
