The Fort Worth Press - Auto Shanghai to showcase electric competition at sector's new frontier

USD -
AED 3.672498
AFN 63.50406
ALL 81.990188
AMD 370.903715
ANG 1.789884
AOA 917.999603
ARS 1401.993986
AUD 1.397005
AWG 1.8025
AZN 1.700471
BAM 1.67146
BBD 2.014355
BDT 122.739548
BGN 1.668102
BHD 0.377402
BIF 2975
BMD 1
BND 1.275858
BOB 6.936925
BRL 4.986398
BSD 1.000128
BTN 95.070143
BWP 13.576443
BYN 2.828953
BYR 19600
BZD 2.011854
CAD 1.36225
CDF 2316.000017
CHF 0.784197
CLF 0.0232
CLP 913.069837
CNY 6.83025
CNH 6.832235
COP 3728.45
CRC 454.739685
CUC 1
CUP 26.5
CVE 94.64994
CZK 20.877297
DJF 177.720022
DKK 6.394197
DOP 59.605799
DZD 132.414578
EGP 53.5326
ERN 15
ETB 157.074992
EUR 0.85572
FJD 2.199803
FKP 0.736222
GBP 0.739405
GEL 2.685002
GGP 0.736222
GHS 11.19503
GIP 0.736222
GMD 73.504736
GNF 8777.489851
GTQ 7.643867
GYD 209.252937
HKD 7.835385
HNL 26.629994
HRK 6.446199
HTG 130.892468
HUF 312.602002
IDR 17424.8
ILS 2.943995
IMP 0.736222
INR 95.306599
IQD 1310
IRR 1314999.999897
ISK 122.709708
JEP 0.736222
JMD 157.565709
JOD 0.709002
JPY 157.238979
KES 129.180297
KGS 87.420495
KHR 4011.999948
KMF 420.497333
KPW 899.999998
KRW 1474.839705
KWD 0.30804
KYD 0.833593
KZT 463.980036
LAK 21962.499676
LBP 89401.229103
LKR 319.60688
LRD 183.624986
LSL 16.830657
LTL 2.95274
LVL 0.60489
LYD 6.335018
MAD 9.247037
MDL 17.22053
MGA 4154.999735
MKD 52.731978
MMK 2099.74975
MNT 3576.675528
MOP 8.070745
MRU 39.950381
MUR 46.759826
MVR 15.455014
MWK 1741.499936
MXN 17.52065
MYR 3.964018
MZN 63.909771
NAD 16.830085
NGN 1370.929763
NIO 36.719863
NOK 9.283935
NPR 152.110449
NZD 1.705075
OMR 0.384508
PAB 1.000329
PEN 3.506056
PGK 4.332503
PHP 61.719987
PKR 278.749587
PLN 3.643395
PYG 6218.192229
QAR 3.643002
RON 4.443103
RSD 100.483012
RUB 74.999765
RWF 1460.5
SAR 3.752195
SBD 8.025868
SCR 13.849662
SDG 600.500056
SEK 9.303675
SGD 1.276905
SHP 0.746601
SLE 24.650252
SLL 20969.496166
SOS 571.497294
SRD 37.456039
STD 20697.981008
STN 21.15
SVC 8.752948
SYP 110.524984
SZL 16.830009
THB 32.759856
TJS 9.363182
TMT 3.505
TND 2.885502
TOP 2.40776
TRY 45.216705
TTD 6.794204
TWD 31.611962
TZS 2595.00004
UAH 44.075497
UGX 3753.577989
UYU 40.286638
UZS 11998.000202
VES 488.94275
VND 26331
VUV 118.778782
WST 2.715188
XAF 560.591908
XAG 0.013682
XAU 0.00022
XCD 2.70255
XCG 1.8029
XDR 0.69563
XOF 558.498797
XPF 102.375025
YER 238.625024
ZAR 16.80625
ZMK 9001.201326
ZMW 18.731492
ZWL 321.999592
  • RBGPF

    1.6000

    64.7

    +2.47%

  • RYCEF

    -0.0200

    16.33

    -0.12%

  • NGG

    -0.9800

    87.5

    -1.12%

  • BTI

    -0.3600

    58.35

    -0.62%

  • AZN

    -1.2800

    183.46

    -0.7%

  • RELX

    0.0100

    36.36

    +0.03%

  • RIO

    -1.9500

    98.63

    -1.98%

  • GSK

    -0.7100

    50.9

    -1.39%

  • BCE

    -0.0300

    23.93

    -0.13%

  • CMSC

    -0.0100

    22.87

    -0.04%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • VOD

    -0.1000

    16.05

    -0.62%

  • BCC

    -3.8000

    74.33

    -5.11%

  • JRI

    -0.0500

    12.93

    -0.39%

  • BP

    0.5300

    46.94

    +1.13%

Auto Shanghai to showcase electric competition at sector's new frontier
Auto Shanghai to showcase electric competition at sector's new frontier / Photo: © AFP

Auto Shanghai to showcase electric competition at sector's new frontier

The world's biggest auto show opens Wednesday in Shanghai, with foreign carmakers raring to show they can compete against the ultra-competitive Chinese firms that dominate the sector's new electric frontier.

Text size:

As the petrol engine's primacy stutters, traditional industry expos like Paris and Detroit are scrambling to re-invent themselves -- but in Shanghai the era of cleaner engines and AI-powered operating systems will be very much on display already.

The government's historic backing of EV and hybrid development means China is now leading the charge in the sector.

In 2024 EVs and hybrids made up 26 and 19 percent respectively of total car sales in the country, according to Inovev.

"It's the only country that manages to get the automobile sector's industrial giants cohabiting with the innovation of a multitude of startups -- operational excellence and (production) volume with innovation and daring," Deloitte analyst Guillaume Crunelle told AFP.

Auto Shanghai, which runs until May 2, will see a flurry of launches for electric, high-tech new models -- luxury SUVs, saloons and multi-purpose vehicles -- all designed and built in record time.

Dozens of brands will take part, from state-owned behemoths to start-ups such as Li Auto and Xpeng, tech giants with skin in the game like Huawei, and consumer electronics-turned-car company Xiaomi.

Analysts consider the Chinese market, the world's largest, younger-leaning and more open to novelty.

But it is also fiercely cutthroat.

Some start-ups have already gone bust, while brands including SAIC Motor, BYD and Geely are engaged in a brutal price war.

Reports that two of China's largest state-owned auto enterprises are planning to merge, meanwhile, suggest the government is pushing companies to consolidate, eliminating inefficiencies to create new global leaders, analysts say.

"They are in a phase of rationalisation and simplification directed by the state," Crunelle said.

Many companies are also looking to expand overseas, in the hope increased sales in markets including Southeast Asia, Europe and Latin America will safeguard their future.

- German woes -

Foreign carmakers have also found themselves caught out by the new market conditions, none more so than the Germans.

After years of market domination in China, Volkswagen, BMW and Mercedes have seen sales fall as domestic brands' stars have risen.

Volkswagen is hoping to bounce back at this year's show with three vehicles developed in and for China, a first for the German group, as well as an advanced autonomous driving system.

Volkswagen's China chief Ralf Brandstatter told a German newspaper that foreign manufacturers still had a card to play in China, as Beijing is betting "once again more on foreign investment" as its economy slows.

Faced with "an extreme price war", the group had decided to "remain profitable" at the expense of sales and market share, he said Saturday.

The group aims to revitalise itself through cost-cutting, helped by a partnership with China's Xpeng.

In Shanghai, German manufacturers will have to prove "they are at the cutting edge of innovation... if they want to even retain their current market share", analyst Stefan Bratzel told AFP.

It is already too late to regain their past market supremacy, he added, echoing comments made by former Porsche CFO Lutz Metschke.

German carmakers cannot give up entirely on China, though, especially with looming uncertainty caused by Donald Trump's threatened tariff rises on European countries.

The US president's policy has wreaked even more havoc on US-China trade, with the countries at an impasse over staggeringly high reciprocal duties.

One of the biggest US companies active in China, Tesla, will not be attending Auto Shanghai, despite its two massive factories in the city.

Elon Musk's EV giant has not exhibited at a major car show in China since 2021, when a one-woman protest over an alleged brake failure went viral on social media.

However, US brands including Cadillac, Buick and Lincoln will still present at the show, with most models on display produced and sold locally.

W.Matthews--TFWP