Chinesische Expansion.

The German automotive industry is facing growing challenges in China as Chinese car brands become more confident and develop new models. At the Auto China in Shanghai, Chinese brands such as BYD, Zeekr, MG, Hongqi, and Aito showcase their vehicles, which are often better than European models. China has now become the largest market for electric cars, with German brands like Volkswagen, BMW, Audi, and Mercedes losing significance. According to a study by the Center of Automotive Management (CAM), German car manufacturers have lost significant market shares in China in 2022, while the overall market has grown by 9.7 percent. The biggest winner is BYD, whose sales have increased by almost 150 percent. In the first quarter of 2023, BYD further increased its sales by 90 percent and is now the second-largest car manufacturer in China after the Volkswagen Group. [Extracted from the article]