Automotive Industry

cross-posted from : https://lemmy.zip/post/64428549

cross-posted from : https://lemmy.zip/post/64241515

cross-posted from: https://lemmy.zip/post/64114759

cross-posted from : https://lemmy.zip/post/64114758

cross-posted from: https://lemmy.zip/post/63940381

cross-posted from : https://lemmy.zip/post/63940340

ghostarchive.org

cross-posted from : https://lemmy.zip/post/63480902

Volkswagen could bring its cars ‌developed in China to the European market or even share capacity in Europe with Chinese partners, CEO ​Oliver Blume told analysts on Thursday ​after presenting quarterly results.

cross-posted from : https://lemmy.zip/post/63480708

It already plans to ​cut around 50,000 jobs across the group in Germany by 2030.

remove pawalls

Foreign marques are racing to showcase new models made with Chinese technology at a high-profile auto show in the country this week

Companies such as Volkswagen and Nissan Motor now aim not only to win back local customers but also to push into overseas markets with vehicles built on cutting-edge Chinese know-how.

Volkswagen has leveraged its partnerships with Chinese electric vehicle startup Xpeng, in which the German group owns a 5% stake, and self-driving chipmaker Horizon Robotics to add more software-defined cars to its lineup, with systems that control features such as the powertrain and infotainment.

"The experience of high innovation speed [in China] ... we can carry over to other processes around the world," Volkswagen's chief executive, Oliver Blume, told local Chinese media this week.

Another foreign player, Nissan, has adopted an "in China, for China, to global" strategy aimed at absorbing Chinese companies' technology and repositioning China as a regional export hub.

Nissan has promised to invest 10 billion yuan ($1.46 billion) in China by the end of the year and increase combined China sales and exports to 1 million units by 2030.

Honda introduced to Japanese consumers its China-made Insight electric car -- the first of its kind -- developed from the e:NS2 model under the Japanese automaker's joint venture with Dongfeng.

Hyundai is working with Baidu, ByteDance and Momenta on self-driving technology.

The German group will showcase its electric iX3 sport-utility vehicle with an extended chassis, which was developed in China using local technologies from Momenta, Huawei and Alibaba.

After decades of Chinese brands learning car manufacturing from their western rivals through their local joint ventures, the tables have turned, forcing VW, Toyota and others to rely on Chinese partners and supply chains to build cars faster and with advanced software.

“We are so big in China, we can’t walk away,” VW’s brand sales chief Martin Sander said at an industry event in London last month.

While Europe’s largest carmaker, which includes the Porsche and Audi brands, has long manufactured vehicles locally, it is also designing and developing its vehicles in China. “Because we just see what we’ve been doing in Europe for a long period of time is not competitive in the Chinese market,” Sander added.

Nissan will also aim to lift combined sales in China and exports from the country to 1mn units by 2030, up from 660,000 last year.

To do so, the Japanese group will collaborate further with its Chinese joint venture partner Dongfeng to bring the battery-powered N7 to Latin America and south-east Asia and the plug-in hybrid Frontier Pro pick-up truck to those two markets and the Gulf.

“China becomes a global innovation and export hub,” said Guillaume Cartier, Nissan’s chief performance officer.

Production of the DS3 and Opel Mokka in ⁠Poissy should cease at the end of 2028 at the earlies