Is Germany losing its mojo? Europe’s biggest economy is steadily sliding downward in international rankings, and now, its leading industry looks to be losing speed.
Germany’s formerly venerable auto industry –once responsible for more exports, turnover and jobs than any other branch of the economy– risks being surpassed by electric vehicles…made in China.
Were carmakers asleep at the wheel? And are punitive tariffs like those imposed by Washington the answer, or could they put globalization into reverse?
Today we’re asking: Electric shock: Is China overtaking car country Germany?
Felix Lee, writes for the online website China.Table Professional Briefing. He has reported from Beijing as China correspondent for numerous German language media.
Clifford Coonan is an editor and China analyst at DW, he previously served for over 15 years as the Irish Times China correspondent.
Beatrix Keim is Director of Business Development & China at the CAR Center for Automotive Research, she joins us virtually
Chapters:
00:00 Is Germany stalling as a motor of the EU economy?
03:30 Car industry still frontrunner of German industry
05:00 Germany’s auto industry is lagging behind
07:15 German auto industry is in crisis
08:00 Germany’s auto industry is “big money maker”
09:00 Germany’s car industry can manage the turnaround
10:00 Germany has to adopt “China-speed”
11:00 Only 10 out of 100 Chinese automakers will survive
12:30 Why did the German automakers cling to combustion engines?
14:00 German carmakers can’t compete with China carmakers
15:00 Why is China in the lead?
16:15 Both decarbonization and digitalization have disrupted the industry
18:00 EU wants to adopt higher tariffs on cars from China
19:00 Will there be a full trade war between China and the EU?
20:00 Chinese car industry has huge overcapacity
21:00 BYD is essentially a battery maker
23:00 Tariffs hurt consumers
24:30 Will full decoupling from China end globalization?
25:00 Decoupling from China no – but yes to de-risking
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