2024-08-17 14:59:08
Automotive
China
Markets

Hong Kong: A Key Market and Testing Ground for Chinese EV Makers

Image used under license from Shutterstock.com

Hong Kong is becoming a favored market and testing ground for Chinese electric vehicle (EV) makers due to its high EV adoption and proximity to mainland China. Chinese brands like Denza, Xpeng, and Zeekr are entering the Hong Kong market and launching new models.

However, challenges such as the lack of autonomous driving policies, EV battery ecosystem, and R&D talent hinder Hong Kong's potential as an EV testing hub. Despite this, the China Association of Automobile Manufacturers predicts that more Chinese automotive brands will enter Hong Kong as a gateway to global markets.

Berliner Zeitung
17. August 2024 um 03:34

VW's E-Car Factory in Zwickau Cuts Jobs: 'A Tsunami is Going Through the Region'

The VW plant in Zwickau, once a flagship location for e-mobility, is now cutting jobs. The reasons are manifold: low demand for electric cars, high prices, lack of charging infrastructure and political U-turns. Affected employees like Michael Weiß and Sebastian Dittmann, who come from families with a tradition in the Saxon automotive industry and own classic cars like Trabant, Lada and Golf III, are disappointed, but also see opportunities for the future. The region fears a 'tsunami' of job lo..
Hong Kong economy - South China Morning Post
17. August 2024 um 05:00

Hong Kong is emerging as a key market and testing ground for Chinese EV makers. Here’s why | South China Morning Post

Politics
Technology
Finance
Economy
Angus Au had set his sights on a Tesla model Y. But the 27-year-old Hongkonger changed his mind after test driving the Chinese-made MG ZS electric vehicle (EV). He shelled out HK$250,000 (US$32,000) for his first EV after trading in his grandmother’s 20-year-old Toyota Sienta and availing of the government’s “one-for-one replacement” scheme, a subsidy for car owners to switch to these zero-emission vehicles. “It doesn’t matter so much to me [that it is a Chinese brand],” said Au. “Even the Tes..
Frankfurter Rundschau
17. August 2024 um 08:03

Electric Vehicle Crisis in China: Sales of Volkswagen, BMW and Others Also Decline in Combustion Engines

Politics
Economy
Finance
Technology
Western automakers like Volkswagen, BMW and Mercedes-Benz are struggling with declining sales figures in China; electric and hybrid vehicles have surpassed combustion engines for the first time; Chinese brands like BYD, Geely and Huawei subsidiary Aito are gaining market share.
CW

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