German carmakers are deepening their integration into China's innovation system. By establishing partnerships with Chinese tech companies and increasing investment into research and development (R&D), they are trying to retain their market shares in China's emerging. Chinese–German cooperation in the electric vehicle (EV) industry is moving beyond traditional joint ventures toward deep technology partnerships that are reshaping the global automotive industry. The market for electric vehicles, especially battery electric vehicles (BEVs), is growing significantly faster. 3 million BEVs in 2024, sales. China is rapidly expanding its footprint in the European electric vehicle market, leveraging a highly integrated value chain and strong government support. As Europe strives to meet its 2035 zero-ICE sales target, can its industry keep pace, or will Chinese automakers take the lead? In June 2022. The transition to electric mobility and autonomous driving is causing higher costs, while the necessary funds, still coming mostly from sales of combustion engine vehicles, are increasingly uncertain, not to mention politically undesirable.
[PDF Version]