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

USD -
AED 3.673042
AFN 71.000368
ALL 87.350403
AMD 389.04246
ANG 1.80229
AOA 915.000367
ARS 1127.475104
AUD 1.558361
AWG 1.8
AZN 1.70397
BAM 1.738435
BBD 2.018337
BDT 121.453999
BGN 1.73572
BHD 0.376951
BIF 2932.5
BMD 1
BND 1.297726
BOB 6.907279
BRL 5.650604
BSD 0.999613
BTN 85.311254
BWP 13.553823
BYN 3.271247
BYR 19600
BZD 2.00792
CAD 1.39249
CDF 2872.000362
CHF 0.83092
CLF 0.024325
CLP 933.403912
CNY 7.237304
CNH 7.239385
COP 4237.5
CRC 507.357483
CUC 1
CUP 26.5
CVE 98.250394
CZK 22.16204
DJF 177.720393
DKK 6.62343
DOP 58.850393
DZD 133.019877
EGP 50.618604
ERN 15
ETB 132.903874
EUR 0.88782
FJD 2.28204
FKP 0.752798
GBP 0.75108
GEL 2.74504
GGP 0.752798
GHS 13.15039
GIP 0.752798
GMD 71.503851
GNF 8655.503848
GTQ 7.68865
GYD 209.738061
HKD 7.778304
HNL 25.840388
HRK 6.690388
HTG 130.545889
HUF 358.720388
IDR 16519
ILS 3.54512
IMP 0.752798
INR 85.41675
IQD 1310
IRR 42100.000352
ISK 130.440386
JEP 0.752798
JMD 158.892834
JOD 0.709304
JPY 145.17204
KES 129.503801
KGS 87.450384
KHR 4015.00035
KMF 436.503794
KPW 900.171963
KRW 1396.415039
KWD 0.30666
KYD 0.833015
KZT 515.881587
LAK 21610.000349
LBP 89600.000349
LKR 298.663609
LRD 199.503772
LSL 18.250381
LTL 2.95274
LVL 0.60489
LYD 5.435039
MAD 9.247535
MDL 17.132267
MGA 4465.000347
MKD 54.625523
MMK 2099.74514
MNT 3575.293465
MOP 8.008568
MRU 39.550379
MUR 45.710378
MVR 15.403739
MWK 1737.000345
MXN 19.48754
MYR 4.297039
MZN 63.910377
NAD 18.250377
NGN 1607.303725
NIO 36.475039
NOK 10.34765
NPR 136.497651
NZD 1.690274
OMR 0.384988
PAB 0.999604
PEN 3.641039
PGK 4.063039
PHP 55.360375
PKR 281.203701
PLN 3.758251
PYG 7991.751368
QAR 3.64075
RON 4.544204
RSD 104.183425
RUB 82.500078
RWF 1424
SAR 3.751027
SBD 8.343881
SCR 14.21386
SDG 600.503676
SEK 9.70075
SGD 1.297215
SHP 0.785843
SLE 22.750371
SLL 20969.483762
SOS 571.503662
SRD 36.702504
STD 20697.981008
SVC 8.746395
SYP 13004.570655
SZL 18.250369
THB 32.933504
TJS 10.345808
TMT 3.51
TND 3.01625
TOP 2.342104
TRY 38.748155
TTD 6.790839
TWD 30.167504
TZS 2697.503631
UAH 41.524787
UGX 3658.552845
UYU 41.785367
UZS 12885.000334
VES 92.71499
VND 25978.5
VUV 120.719299
WST 2.770593
XAF 583.049567
XAG 0.030509
XAU 0.000299
XCD 2.70255
XDR 0.718649
XOF 575.503595
XPF 106.450363
YER 244.450363
ZAR 18.234055
ZMK 9001.203587
ZMW 26.314503
ZWL 321.999592
  • CMSC

    -0.0500

    22.06

    -0.23%

  • SCS

    -0.0200

    10.46

    -0.19%

  • BCC

    -0.9600

    88.62

    -1.08%

  • NGG

    0.5100

    70.69

    +0.72%

  • AZN

    0.2700

    67.57

    +0.4%

  • GSK

    -0.2500

    36.62

    -0.68%

  • BCE

    0.4800

    22.71

    +2.11%

  • BP

    1.1800

    29.77

    +3.96%

  • BTI

    -1.6600

    41.64

    -3.99%

  • RIO

    0.8000

    59.98

    +1.33%

  • RBGPF

    2.8600

    65.86

    +4.34%

  • RYCEF

    -0.1000

    10.5

    -0.95%

  • JRI

    0.0300

    12.98

    +0.23%

  • CMSD

    0.0100

    22.34

    +0.04%

  • RELX

    0.3486

    53.85

    +0.65%

  • VOD

    0.0500

    9.3

    +0.54%

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