VW, BMW and Mercedes getting left in the dust by China’s EVs

Quick Summary:

Germany’s automakers are losing customers in the world's biggest auto market.

Porsche’s sales in China tumbled 19 per cent to its worst third-quarter performance in a decade as global demand for the Taycan nearly halved.

After dominating the gas-guzzler era, German manufacturers became complacent, underestimating the threats posed by new rivals and reluctant to abandon the profits generated by big-engine cars.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaGermanyJapan

Topics: Market Germany’s Automakers Taycan China Manufacturers Cent German Porsche Cars Chinese

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 07:59:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 958 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23062165

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #25

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