The China Mail - Auto Shanghai to showcase electric competition at sector's new frontier

USD -
AED 3.67307
AFN 71.071358
ALL 87.135832
AMD 390.385759
ANG 1.80229
AOA 917.500056
ARS 1168.750039
AUD 1.563697
AWG 1.8
AZN 1.694418
BAM 1.723544
BBD 2.019643
BDT 121.531771
BGN 1.72267
BHD 0.376818
BIF 2974.836643
BMD 1
BND 1.314269
BOB 6.926453
BRL 5.6957
BSD 1.000304
BTN 85.011566
BWP 13.711969
BYN 3.273424
BYR 19600
BZD 2.009218
CAD 1.38626
CDF 2877.000271
CHF 0.829398
CLF 0.024375
CLP 935.370222
CNY 7.287698
CNH 7.29714
COP 4217.56
CRC 505.747937
CUC 1
CUP 26.5
CVE 97.169899
CZK 21.986992
DJF 178.123417
DKK 6.57285
DOP 58.946645
DZD 132.642034
EGP 50.805598
ERN 15
ETB 133.890798
EUR 0.88058
FJD 2.25945
FKP 0.751089
GBP 0.749665
GEL 2.739785
GGP 0.751089
GHS 14.503188
GIP 0.751089
GMD 72.000133
GNF 8663.467766
GTQ 7.703866
GYD 209.26431
HKD 7.75715
HNL 25.931589
HRK 6.6375
HTG 130.882878
HUF 356.196981
IDR 16811.3
ILS 3.63165
IMP 0.751089
INR 85.04025
IQD 1310.326899
IRR 42099.999975
ISK 128.110338
JEP 0.751089
JMD 158.455716
JOD 0.709204
JPY 143.338973
KES 129.289851
KGS 87.449637
KHR 4004.300393
KMF 432.493234
KPW 900
KRW 1444.430186
KWD 0.30674
KYD 0.833645
KZT 512.978458
LAK 21635.125906
LBP 89622.305645
LKR 299.580086
LRD 200.047586
LSL 18.675661
LTL 2.95274
LVL 0.60489
LYD 5.472499
MAD 9.274519
MDL 17.134674
MGA 4448.478546
MKD 54.192963
MMK 2099.879226
MNT 3570.897913
MOP 7.991294
MRU 39.589695
MUR 45.250352
MVR 15.410083
MWK 1734.088255
MXN 19.523404
MYR 4.362995
MZN 64.000209
NAD 18.675661
NGN 1607.690238
NIO 36.809708
NOK 10.44442
NPR 136.018753
NZD 1.68122
OMR 0.384998
PAB 1.000282
PEN 3.670836
PGK 4.141827
PHP 56.357497
PKR 281.076179
PLN 3.765603
PYG 8009.658473
QAR 3.645953
RON 4.382501
RSD 103.291019
RUB 82.254016
RWF 1411.016184
SAR 3.751505
SBD 8.354312
SCR 14.215509
SDG 600.501955
SEK 9.684065
SGD 1.31391
SHP 0.785843
SLE 22.723004
SLL 20969.483762
SOS 571.650136
SRD 36.881008
STD 20697.981008
SVC 8.752473
SYP 13001.925904
SZL 18.669945
THB 33.577504
TJS 10.552665
TMT 3.51
TND 2.983287
TOP 2.342103
TRY 38.44405
TTD 6.789011
TWD 32.4935
TZS 2692.000114
UAH 41.699735
UGX 3668.633317
UYU 42.114447
UZS 12960.39268
VES 83.31192
VND 26000
VUV 120.582173
WST 2.763983
XAF 578.047727
XAG 0.030257
XAU 0.000303
XCD 2.70255
XDR 0.71783
XOF 578.055368
XPF 105.09665
YER 245.096219
ZAR 18.63255
ZMK 9001.204591
ZMW 27.932286
ZWL 321.999592
  • CMSC

    0.0000

    22.33

    -0%

  • RBGPF

    60.8800

    60.88

    +100%

  • CMSD

    0.0100

    22.46

    +0.04%

  • RIO

    -1.1300

    60.56

    -1.87%

  • SCS

    -0.0600

    9.89

    -0.61%

  • RELX

    0.3800

    53.55

    +0.71%

  • NGG

    -0.2200

    72.04

    -0.31%

  • BCC

    -0.5800

    95.51

    -0.61%

  • BCE

    -0.3600

    21.65

    -1.66%

  • RYCEF

    0.0100

    10.16

    +0.1%

  • VOD

    0.0400

    9.35

    +0.43%

  • JRI

    0.1400

    12.74

    +1.1%

  • GSK

    -0.0700

    37.43

    -0.19%

  • BTI

    -0.4000

    42.05

    -0.95%

  • AZN

    0.0200

    69.57

    +0.03%

  • BP

    0.1900

    29.19

    +0.65%

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.

O.Yip--ThChM