The Volkswagen Group, one of the world’s largest car manufacturers, is starting to worry about Chinese electric car manufacturers such as BYD, NIO and CATL. Volkswagen Group CEO Herbert Diesss in one of the meetings, quoted by Car News China, said that currently electric vehicle manufacturers from China are as worried as other electric vehicle manufacturers such as Tesla, Hyundai and Stellantis Group.
In his presentation, Herbet Diess included BYD, NIO and CATL in one cluster with Tesla, Hyundai and Stellantis. “They are our direct competitors,” explains Herbert Diess.
For electric car battery manufacturers, Herbert Diess continues to include the names BYD and CATL and is aligned with other electric vehicle battery manufacturers such as Tesla, LG and EnBW.
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Herbert Diess’ concerns were well-founded. The reason is currently electric cars made in China exceed the estimates of other world car manufacturers. The cars made by NIO, BYD and others are actually very well received by the market. Be it in Europe, America and also Asia.
On the other hand, European-made electric vehicles such as the Volkswagen ID are not selling well in China. Globally, the popularity of Volkswagen’s electric cars has also fallen short of expectations.
Initially, this German manufacturer targeted to sell 100,000 Volkswagen ID units per year. It’s just that last year their sales were only at 70,000 units.
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This number is inferior to Tesla, which sells 310,000 electric vehicles in 2021. Even when compared to BYD, Volkswagen has lost badly. Last year, BYD sold 286,000 electric cars worldwide.
The failure was said to be due to Volkswagen’s electric car that was not adaptive to the latest technology. The opportunity was taken by electric vehicle manufacturers from China, such as BYD, NIO and Xpeng.