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At the Munich Motor Show, the Chancellor wanted to reassure German manufacturers

German Chancellor Olaf Scholz has urged German automakers not to be “intimidated by the rise of Chinese electric vehicle makers”.

With fervor and charisma (no doubt accentuated by the eye patch), German Chancellor Olaf Scholz spoke on Tuesday at the opening of the Munich Fair (IAA), appealing to German automakers not to be “intimidated by the rise of Chinese electric vehicle makers”, a competition he described as “stimulating”, while emphasizing that Germany must respond to this challenge with confidence.

“Competition should stimulate us, but not scare us”Olaf Scholz told an audience of auto industry executives and car enthusiasts from around the world.

The Chinese in force against the German manufacturers

He referred to the plethora of Chinese electric car makers that stormed the Munich auto show, temporarily eclipsing some well-established (notably German) automakers. These Chinese manufacturers, already dominant in their local market, now have European ambitions and aim to compete with German giants such as Volkswagen, Mercedes and BMW.

Olaf Scholz admitted that Chinese manufacturers offer attractive offers at competitive prices, but he is convinced “that fair competition will drive innovation and ultimately benefit European consumers”.

To illustrate his point, the Chancellor recalled similar moments in the history of the automotive industry. In the 80s, there were similar worries about Japanese and Korean cars. 40 years later, these models are an integral part of the global automotive market. Today, it is Chinese electric cars that are attracting attention. Despite these times of uncertainty, Germany has always maintained its competitiveness in the automotive sector.

A unifying Chancellor

Olaf Scholz also highlighted Germany’s international competitiveness in the automotive sector. He stated : “I know of hardly any other site in the world which, in such a small space, has such know-how in terms of car manufacturing, such a density of suppliers and of world-leading SMEs, and as much applied automotive research as Germany. »

During his visit to the show, Olaf Scholz prioritized the stands of German manufacturers such as BMW, Mercedes, Volkswagen, Bosch, Continental and ZF, showing his support for the domestic auto industry. He also took the time to board a car from American manufacturer Tesla and visit Samsung as well as Chinese battery maker CATL, which recently opened its first European factory in Germany.

Read also :
• Trucks of the future: electric or with hydrogen?
• Tesla: the first copy of the Semi has been delivered
• Renault Trucks will launch new electric trucks

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