Guan Cha Zhe Wang·2025-09-11 10:55Core Viewpoint - The European electric vehicle market is experiencing intensified competition as German automakers, led by Volkswagen, prepare to counter the growing presence of Chinese competitors like BYD [1][4][10]. Group 1: German Automakers' Response - Volkswagen's CEO Thomas Schäfer stated the company is ready to defend its dominant position in Europe against Chinese competitors, emphasizing the competitiveness of their new vehicle series [1][4]. - In the wake of declining market share in China, Volkswagen is collaborating with American and Chinese electric vehicle manufacturers to strengthen its market position [4][5]. - Mercedes-Benz and BMW executives expressed confidence in their electric vehicle capabilities, with Mercedes-Benz claiming to be among the top players in the sector [5][6]. Group 2: Chinese Automakers' Expansion - BYD's executive vice president Li Ke highlighted that Western competitors have not yet caught up with their electric vehicle technology, indicating significant growth potential for BYD [2][4]. - BYD plans to introduce ultra-fast charging technology in Europe and aims to produce all electric vehicles locally within three years [6][7]. - Chinese automakers are rapidly increasing their market share in Europe, with Chinese brands capturing a record 5.7% of the overall automotive market and 10.7% of the electric vehicle market in Q2 [4][10]. Group 3: Market Dynamics and Trends - The Munich Auto Show showcased a diverse range of exhibitors, with 116 companies from China, indicating a shift in the competitive landscape [9][10]. - Analysts noted that the growth of Chinese brands in the hybrid vehicle sector remains strong, suggesting ongoing potential for expansion [9][10]. - In the first eight months of 2023, China's automobile production and sales exceeded 20 million units, with new energy vehicles accounting for 45.5% of total new car sales [11].