Uneasy, anxious…German cars losing out in the US and Chinese markets, what is the background?

[Daily Car Reporter Park Kyung-soo] Analysis has shown that the position of major German automakers, which dominate the global luxury car market, is shrinking compared to the past.

Bloomberg News reported on the 9th that “major German automobile manufacturers are facing difficulties in the global electric vehicle market.”

According to this analysis, major German car manufacturers have promoted the transition to electric vehicles in recent years. However, it is still lagging behind Tesla.

In fact, Tesla delivered approximately 890,000 vehicles in the first half of this year. This figure is more than the electric vehicles sold by major German automakers BMW, Mercedes-Benz, Volkswagen, and Porsche during the same period.

German car manufacturers are experiencing delays in releasing major vehicle models due to software problems. In the Chinese market, sales are also decreasing due to Tesla and BYD.

Bloomberg pointed out this situation and analyzed, “German manufacturers need to provide more competitive electric vehicles in the electric vehicle market, which is expected to account for 90% of the Chinese market by 2030.”

kspark@dailycar.co.kr