Motive Asia’s Post

German carmakers are optimistic about enhanced cooperation with China in the new energy vehicle (NEV) sector, as highlighted during the 2024 World New Energy Vehicle Congress in Haikou. Jochen Goller from BMW AG acknowledged the rapid growth of China's NEV market, attributing it to effective government policies and technological advancements. He reiterated BMW's commitment to an open market and fostering partnerships with Chinese battery manufacturers in Europe. Volkswagen's chairman, Oliver Blume, pointed to the company's 40-year presence in China as a foundation for success, particularly through partnerships with local EV firms like SAIC and FAW. He referred to China as the "epicenter of the automotive industry's future" and announced plans to boost R&D and collaborate with local technology leaders. Volkswagen recently revealed a 2.5 billion euro investment to expand its production hub in Hefei, aiming to accelerate innovation and production of smart electric vehicles in partnership with Xpeng. The NEV sector in China is experiencing rapid growth, with production reaching approximately 7.01 million units and sales around 7.04 million units in the first eight months of 2024, marking year-on-year increases of 29% and 30.9%, respectively. Wan Gang from the China Association for Science and Technology stressed the need for strengthened trade and investment cooperation between German and Chinese automotive industries, advocating for collaborative development to further advance the NEV industry and support global low-carbon transformation efforts. #MotiveAsia #China https://lnkd.in/gsR-VRs3

🟧China top EV forum to be held in California in May🟧 BEIJING, April 7 (Reuters) - China's top electric vehicle forum, the World New Energy Vehicle Congress (WNEVC) will hold a conference in Sacramento, California from May 16-17, according to a statement from the Chinese Society of Automotive Engineers on Sunday. With a highly developed, low cost supply chain led by companies such as BYD (002594.SZ), and Geely (0175.HK), China is a leading global exporter of EVs. However, concerns over subsidies have made the issue a bone of contention in relations between Beijing and Washington, as the U.S. seeks to protect its domestic EV sector from Chinese imports. The WNEVC in Munich, Germany in September was the first time the forum was held outside China. That was seen as a indication of Chinese EV makers' ambitions for expansion. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. Reporting by Andrew Hayley Editing by Ros Russell Our Standards: The Thomson Reuters Trust Principles. #ev #automotive #emobility https://lnkd.in/eQFj9KJP

Are Chinese electric vehicles a drag or driver for global markets? China has been a growth driver for Western OEMs for the last two decades, as it has taken advantage of its market size and unbounded desire for Western cars through joint ventures with local producers. However, the first signs of an inflection are now visible. A government program initiated a decade ago to promote China’s domestic automotive industry and electrification led to the emergence of new EV brands and increased domestic manufacturers’ desire to create their own brands and product portfolios. As a result, China became the largest global car exporter in 2023. We believe the internationalization of Chinese OEMs will soon accelerate. The question is whether this is an opportunity for global EV technologies and markets or just a threat for European/US incumbent manufacturers. Discussed here: https://lnkd.in/gvn_8hCT 🎯Follow us on Kaneshwaran Govindasamy & Global 5G Evolution 🎯Check out last month's conference #5g #monetization debate 👇🏽 🎯Click comment box subscribe our #youtube channel #5G #EVs #electricvehicles #OEMs

Industry experts discuss latest trends in auto technology More than 40 automotive domain experts based in Asia, Europe, and North America gathered virtually to discuss the latest industry trends on Nov 9 and 10. The gathering, hosted by the Global Alliance of Overseas Chinese Societies of Automotive Engineers and co-organized by seven associations of Chinese automotive engineers from Austria, France, Germany, Japan, North America, and the UK, marked its fourth session. This year's event focused on the interactions between Chinese vehicles and global markets, featuring roundtables on intelligent driving technology, the hydrogen economy, solar photovoltaics and batteries, the recycling of electric vehicle batteries, and more. Amid headwinds over the export of Chinese vehicles to foreign markets, attendees also discussed the opportunities and obstacles ahead, particularly in the European market. Data from China's General Administration of Customs shows that Chinese electric vehicle exports to the European Union in the first half of 2024 declined by 14.6 percent compared to the same period last year. Despite facing uncertainty, experts echoed the sentiment that the European market, with its demand for transition to intelligent electric vehicles, aligns with the strengths of Chinese car brands, and continued collaboration with local companies and institutions can help both sides better adapt to market shifts. "The export of Chinese automobiles started many years ago, not just today. So why is it only receiving attention now? I believe it's because we are leading across the board in both technology and products," said Zhou Xiaoying, CEO of Gasgoo, an information platform that reports up-to-date automotive news in China. "Chinese cars are going global, but it's no longer just about trade; today, many companies are focusing on localized operations. So, I hope we can build more partnerships, working together to serve Chinese companies and contribute to the global automotive industry. I believe the development of advanced industry technologies should not be limited by geopolitical boundaries. It's about creating better services for emerging markets and providing global consumers with high-quality experiences. This is the true mission of the consumer goods industry," she said. Xu Hongming, president of the Global Alliance of Overseas Chinese Societies of Automotive Engineers and president of the UK Chinese Society of Automotive Engineers, expressed hope that the event could not only serve as a platform for exchanges but also develop into a driver of international cooperation. He added that the alliance is committed to organizing more such events for industry insiders. #WBE #Battery #ENERGYSTORAGE

In a 19 page open letter to the European Union, Renault Group CEO Luca de Meo says the EU needs a postwar style Marshall Plan to survive the "onslaught" of Chinese electric vehicles. On their respective approaches to transitioning automotive manufacturing and markets to electric vehicles, de Meo says China rules, US stimulates and Europe regulates. On China, de Meo says pro-EV policies since 2012 now mean China dominates global supply chain. "It controls 75% of global battery production capacity, 80-90% of materials refining and half of the mines producing rare metals.” On the US he says Inflation Reduction Act (IRA) is supercharging investment into gigafactories in the US. “The capacity of the battery gigafactories to be completed by 2030 has risen from 700 gigawatt hours in July 2022 to 1.2 Terawatt hours in July 2023.” “Before the IRA, one gigawatt/hour required an investment of US$ 90 million. That figure has now fallen to US$ 60 million. This places the US on a par with China, while the cost in Europe remains far higher: US$ 80 million per gigawatt/hour.” De Meo says Europe must respond to the clean tech arms race between the US and China or risk losing its automotive sector. “We are aware that this will require a paradigm shift.” “The prosperity of Europe is at stake.” #electricvehicles #evs #EU https://lnkd.in/gum_5TKb

Europe is divided when it comes to electromobility. ➡ In the first half of 2024, new BEV registrations will continue to rise significantly in France and the UK and many other European countries. ➡Germany is still the largest BEV market, but with a significant decline in new registrations. Other countries such as Sweden and Finland are also experiencing a significant decline. ➡Primarily due to the market weakness in Germany, the overall electric market in the EU (including EFTA, UK) is only growing by 1.6% to 954,094 BEVs in the first half of 2024. More info and scenarios: Electromobility Report ($):https://lnkd.in/e9ENmkFz #carindustryanalysis #Electromobility #ElectricVehicles #Germany #France #UK #automotive

Very interesting to see visualized, what most in the industry are experiencing right now.

🚗🔋 𝐆𝐌 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐓𝐃𝐊 𝐟𝐨𝐫 𝐔.𝐒. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧: 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐒𝐡𝐢𝐟𝐭 𝐢𝐧 𝐄𝐕 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧𝐬 🔋🚗 In an exciting move, General Motors (GM) is looking to partner with Japan's TDK Corp to produce batteries for electric vehicles (EVs) in the U.S., marking a significant pivot away from China-based tech reliance. 🌎 With the growing demand for EVs and heightened global competition, this collaboration highlights several key trends in the industry: 1️⃣ Reducing Dependence on China: As geopolitical tensions rise, automakers are seeking to localize supply chains. GM's partnership with TDK supports this effort, ensuring a more secure and resilient battery supply. 2️⃣ U.S.-Based Manufacturing: By bringing battery production to the U.S., GM not only supports American jobs but also aligns with recent policies incentivizing local EV production, such as the Inflation Reduction Act. 3️⃣ Cutting-Edge Battery Tech: TDK, known for its advanced battery technology, will help GM develop safer, more efficient batteries for the next generation of EVs, driving innovation forward. 🔋 Why This Matters: The future of electric mobility depends on reliable, sustainable, and localized battery production. GM's move could set the stage for other automakers to reconsider their supply chain strategies as they push toward electrification goals. What do you think? Is this a smart play for GM as they ramp up EV production, or will they face challenges in reshoring battery manufacturing? Let’s discuss! 👇 #EV #ElectricVehicles #GM #BatteryTech #Sustainability #SupplyChain #Innovation

In 2019, France and Germany agreed to pump billions of euros into a plan to boost Europe’s battery industry and catch up with China and the U.S. Five years later, that effort is running out of steam. As electric-vehicle sales slow, companies including Volkswagen Group, Stellantis and Mercedes-Benz AG are scaling back or refocusing battery projects. Chinese manufacturers are slashing costs and the U.S. is drawing away investment with lucrative subsidies. China already has excess battery-making capacity, can make cells at a fraction of the cost it takes in Europe, and has a head start on the next generation of cell technology. All of this means the continent risks falling further behind in the race to build and power the EVs of the future. https://lnkd.in/ec4VSumN

The outcome of the recent European elections and the debate following the possible imposition of duties on imported Chinese electric cars are two related topics animating the discussion in the European automotive sector. Here are a few more insights, as per four graphs taken from the Global EV Outlook recently published by the International Energy Agency (IEA) | https://lnkd.in/deyEJadQ 1 - Sales of electric cars (BEV+PHEV) in China accounted for more than 58% of worldwide sales in Q1 2024 2 - In all major geographies, the share of SUVs in the BEV market has progressively increased 3 - More than half of BEVs sold in China have a lower purchase price than their conventional equivalents 4 - BYD's Worldwide BEV+PHEV market share is snowballing, making it the world's largest player with more than 20% of the market, thanks mainly to sales in China. The question is how far this global market trend will be reflected in the European and US markets in the coming years (not happening so far) #china #bev #europe #usa #market #future