October 15, 2021

Are German carmakers too dependent on China?

Are German carmakers too dependent on China?

Are German carmakers too dependent on China?

One in three German cars are sold in China. The world’s largest car market is increasingly developing into a lifeline for manufacturers during the coronavirus pandemic. But this also creates risks

For example, last year VW sold 40 percent of its vehicles in China. The reliance has increased because the US and European markets have been hit much harder by the pandemic than in China. “China’s car market is currently recovering and will only show a fall of five percent or less by the end of the year. Other markets will have to cope with much greater losses,” according to Bratzel.

 

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