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New @merics_eu report on the opportunities and risks that come with German carmakers deepening integration into #China and consequences for the German and European economies. 1/20 merics.org/en/bumpy-road-…
Our latest note looks at the ongoing electrification of China's vehicle fleet—especially in trucking—and estimate what it means for oil demand. China's EVs are already displacing an estimated 1 million barrels of oil demand per day, and that will grow. rhg.com/research/elect…
Its not just the US that is raising tariffs: As I'd predicted last year, China's car exports to Russia are plummeting due to Russia's recycling fee hike (a de facto tariff). Exports in Feb down to 16k from Sep peak of 115k. Read more: rhg.com/research/colli…
Germany's largest union IG Metall says foreign companies selling products in EU should be forced to include components made in the bloc "If Chinese or American carmakers want to sell cars into Europe, we need to force them to assemble products in Europe with EU components"
China's rapid car export growth is facing headwinds. In our latest @rhodium_group note we outline why exports will slow and may even have peaked. This does not mean though that CN carmakers export ambitions are gone and incumbent producers are off the hook rhg.com/research/from-…
Focusing in on a few comments from Nio CEO William Li's on future China car market sizing: 1⃣ "China's auto parc will peak at about 400 million vehicles" 2⃣ "Long-term annual domestic sales will be about 25 million units ... 3⃣ "... with export reaching 15 million units"
At NIO's annual "face to face" with the media event held in Shanghai ahead of NIO Day next week, CEO Li Bin spent about 2.5 hours answering a total of 203 questions submitted by the media. Some of the key points shared by Li: NIO will stick to its strategy but needs much…
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