The electric car market in China is the most important market for manufacturers because there is a lot of money involved.

For many years it was Volkswagen that was in control this market. Except that in the first trimester 2023 yearit’s just Chinese manufacturer BYD dethrone car manufacturer German.

Cooperation with Chinese manufacturers

Our German colleagues from the newspaper Handelsblattresearched the activities of German companies on Chinese market.

German companies supply both auto parts and systems for Chinese cars.

For example, the ZF company provides to the Chinese car manufacturer Nio, steering system fully electric. On the other hand, Bosch builds electric motors for Nio and traction motors for Hiphi.

Chinese manufacturer BYD understands the market.

For electrics to become really popular, you need an electric car for less than €15,000 and with a range of 400 km (or more). https://t.co/P91xMgl1Gk

— Damien ERNST (@DamienERNST1) April 30, 2023

Competitive market

This was stated by ZF CEO Holger Klein recently : “Chinese manufacturers now account for 40% of our sales in China.

German suppliers would likely not be globally competitive without cooperation with Chinese automakers, as they sell in large volumes. »

According to the media Handelsblattrealizes Bosch for his part about 28% its sales everything in the mobility department in China.

Most of the these sales comes from the cooperation of Chinese manufacturers electric cars

Bosch invests 1 bln

This is the following these results that Bosch decided to invest 1 billion dollars This money will go towards a new research, development and assembly center in China.

Goal this plant will base only on design components for electric cars which will go to the Chinese market.

Proof of that Chinese market still expanding. Europe and the USA want to withdraw from this market so that it does not happen depend Chinese companies.

Clear which are on the Chinese market good length ahead of the European and American market in domain electric car.