China's auto vehicle profit margin fell to approximately 1.5% in H1 2026. ICE vehicle sales dropped 39% YoY. Meanwhile, Germany's auto employment fell to 691,500, a 21-year low. The global auto industry is experiencing severe growing pains transitioning from ICE to NEV.
2991 day ago
Germany's auto industry employment fell to 691,500, a 21-year low. Volkswagen plans factory closures and mass layoffs. BMW and Mercedes are also shrinking capacity. Germany's auto困境 stems from lagging electrification, rigid cost structures, and intensifying China competition.
4941 day ago
At the 2026 International Symposium on Automotive and Powertrain Technology in Stuttgart, a panel on combining China's automotive momentum with German engineering precision revealed the deep challenges Chinese automakers face entering Europe—companies racing to transform, governments preserving stability, and ordinary people fearing job losses.
40627 days ago
EX1000
