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

USD -
AED 3.672499
AFN 65.49754
ALL 80.979656
AMD 377.215764
ANG 1.79008
AOA 917.000004
ARS 1404.088403
AUD 1.404485
AWG 1.8025
AZN 1.702819
BAM 1.643792
BBD 2.01512
BDT 122.389289
BGN 1.67937
BHD 0.376978
BIF 2965.35987
BMD 1
BND 1.266678
BOB 6.913941
BRL 5.196498
BSD 1.0005
BTN 90.584735
BWP 13.12568
BYN 2.874337
BYR 19600
BZD 2.012178
CAD 1.351735
CDF 2209.999919
CHF 0.764798
CLF 0.02167
CLP 855.659814
CNY 6.91085
CNH 6.90741
COP 3667.46
CRC 495.12315
CUC 1
CUP 26.5
CVE 92.677576
CZK 20.33315
DJF 178.163649
DKK 6.26502
DOP 62.707755
DZD 129.419762
EGP 46.837801
ERN 15
ETB 155.312845
EUR 0.83859
FJD 2.18585
FKP 0.731875
GBP 0.731155
GEL 2.690116
GGP 0.731875
GHS 11.010531
GIP 0.731875
GMD 73.489005
GNF 8782.951828
GTQ 7.672912
GYD 209.326172
HKD 7.81475
HNL 26.438786
HRK 6.320599
HTG 131.239993
HUF 316.717502
IDR 16771
ILS 3.07635
IMP 0.731875
INR 90.548504
IQD 1310.634936
IRR 42125.000158
ISK 121.602337
JEP 0.731875
JMD 156.538256
JOD 0.708993
JPY 152.826501
KES 129.000162
KGS 87.450287
KHR 4032.593576
KMF 414.400398
KPW 899.999067
KRW 1451.015027
KWD 0.30687
KYD 0.833761
KZT 492.246531
LAK 21486.714209
LBP 89522.281894
LKR 309.580141
LRD 186.599091
LSL 15.938326
LTL 2.95274
LVL 0.60489
LYD 6.307756
MAD 9.121259
MDL 16.933027
MGA 4429.297238
MKD 51.733832
MMK 2099.913606
MNT 3568.190929
MOP 8.056446
MRU 39.329271
MUR 45.679578
MVR 15.449664
MWK 1734.822093
MXN 17.15845
MYR 3.925501
MZN 63.902223
NAD 15.938527
NGN 1355.459875
NIO 36.82116
NOK 9.477765
NPR 144.931312
NZD 1.64852
OMR 0.384493
PAB 1.000504
PEN 3.359612
PGK 4.2923
PHP 58.307499
PKR 279.886956
PLN 3.53654
PYG 6585.112687
QAR 3.647007
RON 4.269695
RSD 98.41699
RUB 77.42437
RWF 1460.743567
SAR 3.75085
SBD 8.058149
SCR 14.106202
SDG 601.497232
SEK 8.844315
SGD 1.261905
SHP 0.750259
SLE 24.349869
SLL 20969.499267
SOS 571.774366
SRD 37.890414
STD 20697.981008
STN 20.59161
SVC 8.754376
SYP 11059.574895
SZL 15.922777
THB 31.039964
TJS 9.389882
TMT 3.51
TND 2.882406
TOP 2.40776
TRY 43.639504
TTD 6.786071
TWD 31.420303
TZS 2582.653999
UAH 43.08933
UGX 3556.990006
UYU 38.36876
UZS 12326.389618
VES 384.790411
VND 25944.5
VUV 119.366255
WST 2.707053
XAF 551.314711
XAG 0.012176
XAU 0.000198
XCD 2.70255
XCG 1.803175
XDR 0.685659
XOF 551.314711
XPF 100.234491
YER 238.325026
ZAR 15.88361
ZMK 9001.198133
ZMW 19.034211
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    0.5300

    17.41

    +3.04%

  • CMSC

    0.1070

    23.692

    +0.45%

  • CMSD

    0.1100

    24.08

    +0.46%

  • RELX

    -0.1900

    29.29

    -0.65%

  • NGG

    0.3700

    88.76

    +0.42%

  • RIO

    0.3900

    97.24

    +0.4%

  • VOD

    -0.2300

    15.25

    -1.51%

  • BTI

    -0.9600

    60.19

    -1.59%

  • AZN

    5.3900

    193.4

    +2.79%

  • BCE

    0.2100

    25.83

    +0.81%

  • GSK

    -0.1900

    58.82

    -0.32%

  • BCC

    0.7100

    89.73

    +0.79%

  • BP

    -2.2500

    36.97

    -6.09%

  • JRI

    -0.0300

    12.78

    -0.23%

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