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

USD -
AED 3.672498
AFN 66.148191
ALL 82.068343
AMD 381.699391
ANG 1.790403
AOA 916.99988
ARS 1440.7439
AUD 1.503793
AWG 1.8
AZN 1.699903
BAM 1.664171
BBD 2.013461
BDT 122.170791
BGN 1.66426
BHD 0.376978
BIF 2953.098941
BMD 1
BND 1.288843
BOB 6.933052
BRL 5.406404
BSD 0.999711
BTN 90.668289
BWP 13.203148
BYN 2.923573
BYR 19600
BZD 2.010568
CAD 1.37606
CDF 2239.999697
CHF 0.794545
CLF 0.023284
CLP 913.550023
CNY 7.054499
CNH 7.040365
COP 3807.37
CRC 500.068071
CUC 1
CUP 26.5
CVE 93.823389
CZK 20.672603
DJF 178.023212
DKK 6.351085
DOP 63.501923
DZD 129.675982
EGP 47.454198
ERN 15
ETB 155.594517
EUR 0.85007
FJD 2.255901
FKP 0.748248
GBP 0.746725
GEL 2.703684
GGP 0.748248
GHS 11.496375
GIP 0.748248
GMD 72.999636
GNF 8693.543446
GTQ 7.65801
GYD 209.150549
HKD 7.78138
HNL 26.332494
HRK 6.407598
HTG 130.986011
HUF 327.15099
IDR 16669
ILS 3.214585
IMP 0.748248
INR 90.69645
IQD 1309.604847
IRR 42122.503518
ISK 125.980117
JEP 0.748248
JMD 159.763112
JOD 0.708968
JPY 154.951015
KES 129.000105
KGS 87.45029
KHR 4000.034036
KMF 419.499164
KPW 899.999687
KRW 1467.110041
KWD 0.30672
KYD 0.833099
KZT 515.622341
LAK 21662.809299
LBP 89523.161227
LKR 309.11133
LRD 176.449066
LSL 16.773085
LTL 2.95274
LVL 0.60489
LYD 5.419319
MAD 9.176168
MDL 16.874708
MGA 4456.111092
MKD 52.386565
MMK 2099.265884
MNT 3545.865278
MOP 8.013921
MRU 39.767196
MUR 45.949654
MVR 15.400451
MWK 1733.51826
MXN 17.98899
MYR 4.092499
MZN 63.909588
NAD 16.773085
NGN 1452.389994
NIO 36.792485
NOK 10.13206
NPR 145.069092
NZD 1.724695
OMR 0.384513
PAB 0.999711
PEN 3.366461
PGK 4.248494
PHP 58.825957
PKR 280.165924
PLN 3.588798
PYG 6714.373234
QAR 3.643511
RON 4.328604
RSD 99.80103
RUB 79.247686
RWF 1455.544872
SAR 3.751978
SBD 8.176752
SCR 14.406023
SDG 601.497294
SEK 9.27336
SGD 1.288475
SHP 0.750259
SLE 24.125024
SLL 20969.503664
SOS 570.351588
SRD 38.610012
STD 20697.981008
STN 20.846806
SVC 8.74715
SYP 11056.681827
SZL 16.776148
THB 31.447035
TJS 9.192328
TMT 3.51
TND 2.923658
TOP 2.40776
TRY 42.697297
TTD 6.784997
TWD 31.305503
TZS 2482.501398
UAH 42.255795
UGX 3560.97478
UYU 39.174977
UZS 12094.5509
VES 267.43975
VND 26320
VUV 121.127634
WST 2.775483
XAF 558.147272
XAG 0.01572
XAU 0.000231
XCD 2.70255
XCG 1.801675
XDR 0.695393
XOF 558.147272
XPF 101.477145
YER 238.506089
ZAR 16.78781
ZMK 9001.202967
ZMW 23.168034
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • GSK

    0.4000

    49.21

    +0.81%

  • NGG

    0.6400

    75.57

    +0.85%

  • BP

    0.0000

    35.26

    0%

  • BCC

    -0.8350

    75.675

    -1.1%

  • AZN

    1.3500

    91.18

    +1.48%

  • RIO

    -0.0800

    75.58

    -0.11%

  • CMSD

    0.0600

    23.31

    +0.26%

  • BCE

    0.1861

    23.58

    +0.79%

  • RYCEF

    0.2200

    14.82

    +1.48%

  • JRI

    0.0435

    13.61

    +0.32%

  • BTI

    0.5700

    57.67

    +0.99%

  • RBGPF

    -3.4900

    77.68

    -4.49%

  • RELX

    0.8500

    41.23

    +2.06%

  • VOD

    0.1950

    12.785

    +1.53%

  • CMSC

    0.0200

    23.32

    +0.09%

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