With the growing trends in the market of electric vehicles (EV), this paper explores the competitiveness and development paths of Chinas EV industry versus Germanys traditional automotive industry in the global market. It analyzes the reasons behind Chinas rise in EVs, its technological innovations, and the challenges it faces, including low brand recognition and trade barriers. Germanys automotive sector, with its strong technology base and brand influence, has long led the global market but is under pressure during its transition to electrification. Meanwhile, Chinas EV industry has made significant advances in battery technology and smart connectivity, rapidly catching up to traditional automotive leaders. However, challenges such as international policy restrictions and trade barriers remain. The paper suggests that Chinese companies can address these challenges by strengthening international strategies, optimizing production networks, enhancing brand influence, and leveraging government cooperation and diplomacy to mitigate political risks. These insights offer valuable policy recommendations for the ongoing transformation of the global automotive industry.
Read full abstract