Move over Tesla, here comes China (and forget Germany)
The Chinese aim to boost sales of electric vehicles. The news is a warning shot – and possibly the death knell – for German carmakers, who have relied on the Chinese market for sales of luxury gas guzzlers made in Germany. Craig Morris explains. A few years back, China announced its 12th Five-Year Plan, which included some interesting commitments to solar energy (PDF). Today, we see the result: Chinese firms dominate cell and panel production – using, it should be added, production lines largely from Germany. This outcome should not have surprised anyone. Solar panels are hardly more high tech than radios, and Germany is not exactly a major manufacturer of such devices today. China is. Germany remains a maker of heavy equipment requiring great engineering expertise. So German firms generally serve other companies (business-to-business or B2B), not retail customers (B2C). The biggest chunk of metal most people are likely to buy today is a car. Cars are also among the smallest things most of us are likely to buy from Germany. The sector is therefore … Continue reading Move over Tesla, here comes China (and forget Germany)
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed