Once a big car country suddenly found that in the field of new energy vehicles, it has been far ahead of China, and what is more sad is that today's Germany sadly found that it has no chance to turn over.
According to German media reports quoted by Reference News Network, in China, the world's largest car market, 1 in every 4 new cars is currently a battery-powered electric vehicle. But in China's booming electric car market, the Volkswagen Group has only 3% of the market, and Mercedes-Benz and BMW are even less important. Germany's auto giants turned into dwarfs. The market is dominated by Chinese manufacturers.
Once upon a time, German companies were so powerful, Mercedes-Benz BMW became a luxury brand on the streets of China. In the eyes of ordinary people, driving a Mercedes and riding a BMW has become a sign of success. However, this situation was reversed in just a few years. And everything behind this is inseparable from China's new energy strategy.
At present, China's new energy vehicles have made great progress, with BYD, Xpeng, NIO, Lili, WM, Nezha Automobile, Geely, and Extreme Fox Motors as the representative of new energy vehicles rising rapidly, and quickly occupying the market, becoming the new favorite of the people, becoming more and more popular.
In addition to their popularity at home, China's new energy vehicles are also becoming more and more popular overseas, according to relevant data, in the first four months of 2023, China's automobile exports maintained a good momentum, of which the export volume of new energy vehicles reached 348,000 units, an increase of 1.7 times year-on-year.
In stark contrast to China, Germany, once a major car producer, has suffered a huge Waterloo. Because of a major misjudgment in the development strategy, it has been lagging behind in the field of new energy vehicles and has been left far behind by China.
It is clear that the harsh reality has gradually sobered Germany up. Unfortunately, it is too late, Germany has missed the best opportunity to rise, because the development of new energy enterprises is an industrial system, in this industrial system, Germany has lagged too far behind. For example, in the field of power batteries, China has now mastered most of the market share of the power battery market, which means that even if the German automotive industry begins to develop new energy vehicles in the future, it cannot bypass the Chinese supply chain.
Another issue that makes Germany sad is that its political ally, the United States, is not a friend in the field of new energy. Previously, the United States passed the famous "Inflation Reduction Act", trying to develop green industrial production and stimulate green consumption, support and protect local manufacturing, and support emerging industries such as new energy vehicles. In this bill, the United States tries to ensure the competitive advantage of its own companies through subsidies, tax cuts and other improper means, which will add more challenges to German local companies. Although the entire European country, including Germany, expressed strong dissatisfaction with the US bill, it was helpless. The reason is simple, both Germany and France are in the shadow of the United States. Even if they express dissatisfaction, the United States will not amend the law.
In addition, under the provocation of the United States, Russia and Ukraine are now fighting on the European land, and the cloud of war has been hanging over the European land, which makes various industries in Europe panic everywhere, and the new energy vehicle industry is no exception, which further increases the difficulty of the German automobile industry to turn over the war.