Tag: Guangzhou Xiaopeng Motors Technology Co Ltd (Xpeng Motors)

Chinese Cars Star at Munich Auto Show, Underscoring German Economic Woes

Media Library

For decades, the phrase “Made in Germany” signaled cutting-edge automotive technology and design. But now German automakers are falling behind in the global race to produce more electric vehicles, and some executives are using a new catchphrase to describe how quickly they need to catch up: “China speed.” The term reflects the rapid transformation of the Chinese car industry into a battery-powered juggernaut. And that speed was on display Monday at I.A.A. Mobility, a massive auto show in Munich, with newcomers from China stealing the show. BYD, an all-electric Chinese…

In China, a Big Auto Show Returns to a Country That Has Gone Electric

Chin@Strategy

A hall showing off electric vehicles made by Nio, XPeng Motors, Zeekr and dozens of other Chinese companies was mobbed with visitors. An area nearby full of gasoline-powered cars by foreign brands barely got a second look by anyone. At the same event, Volkswagen, which vies with Toyota to be the world’s biggest seller of cars with combustion engines, issued a bold forecast: Within two years, half the cars sold in China, the world’s largest automobile market, will be electric, up from only 6 percent in 2020. The theme at…