The following is from a tweet by Nobuo Ikeda, which I just discovered.
Nobuo Ikeda.
@ikedanob
China will be the sole winner in the global EV market.
When it comes to competition for subsidies and industrial policy, there is no way a democratic country can beat China.
The EU's stupid EV strategy is suicide for the auto industry.
I think the EU will soon flip-flop and say, "Internal combustion engines OK after 2035".
Quoted tweets
Yoichi Takita (Nikkei)
@yoichitakita
Apr 23.
German cars "underdog" in the Chinese market, EVs changing power structure (Reuters)
https://jp.reuters.com/article/idJPKBN2WI08V?il=0
(1) VW brings "all" board members plus 100-odd employees to the region.
(2) German manufacturers depend on China for "one-third" of their passenger car sales, but the damage would be enormous in the event of a defeat.
(3) German manufacturers' share in China will go from 24.6% in 2007 to "19.1%".
