Accelerated Mobility Transformation?

In the linked post I’ve described my prediction from 2021…

One aspect I’ve missed is that it is most likely not the western suppliers, but the Chinese ones.

There is currently a struggle for supremacy in the Asian region in which Chinese brands want to overtake South Koreans and Japanese. The chances are not bad.

The focus will then turn to Europe. This is almost completely ignored by the western automotive industry and commented on with devaluation. Too expensive, not sexy and once again the German obsession with the “Spaltmaß”.

When it comes to e-mobility, China is increasingly succeeding in producing world-marketable products. The target is the European market, but especially the Global South. However, this requires different products than “we” are willing to deliver.

Both the Brazilian and Uzbek presidents recently presented their new, purely battery-electric company car from BYD.
Of course, especially among German manufacturers, people will turn up their noses and say to themselves that they’re just not our clientele, they can’t afford us.
And our politicians, as usual, are driven by a combustion engine vehicle.

BYD – a former electronic components supplier – has become the largest electric car manufacturer in the world – even ahead of Tesla. BYD is not only expanding within China and is currently building the world’s largest car factory, the company is also expanding abroad. A plant is scheduled to be built in Mexico in 2025 to serve the North American market from there. In order to produce for the European market and avoid possible punitive tariffs from the EU, BYD sealed the purchase of a piece of land in Szeged, Hungary, at the end of January.

BYD signed land agreement with Szeged for the car factory in Hungary

BYD is also displacing Volkswagen as the main sponsor of the 2024 European Football Championship, not that I would care…

BYD Becomes Official E-Mobility Partner of UEFA EURO 2024™

I don’t even want to start with Africa about the electrification initiatives that have started in Nigeria, Kenya or Morocco.

The background is the development doctrine of “dual circulation”, also known as “two cycles”.
The development doctrine of the “two cycles” does not mean a decoupling from the world market, but rather a strengthening of domestic consumption while at the same time exportable technology leadership – especially in the area of “green technologies” – solar, wind, e-mobility.

And here we come to my second mistake. Although I said that suppliers become car manufacturers, I completely overlooked the Chinese suppliers.
In the slipstream of BYD, other Chinese companies from outside the industry such as Foxconn, Huawei and Xiaomi Technology are in the process of venturing into the electric car sector.