European electric car makers fight to catch up in China

Volkswagen and other European giants risk falling behind in an industry where manufacturing and sales dynamics are changing with incredible speed.

Transcript

00:00 Car makers are showcasing their latest electric vehicles at the Beijing Auto Show.

00:07 Sales of cars, especially electric models, have been falling ahead of the event.

00:13 European manufacturers have travelled to the Chinese capital to unveil their new models.

00:18 All major European car manufacturers have until May 4th demonstrated the capabilities of their models,

00:26 as the show unfolds amidst an intensifying price war among the world's electric vehicle makers.

00:32 The European Union has previously questioned low Chinese prices for electric vehicles,

00:37 and last year launched an investigation into Chinese state subsidies for the production of electric vehicles.

00:44 European groups such as Volkswagen and Stellantis have changed their strategy and are now partnering with China.

00:51 The BYD brand is to become the first Chinese company to produce passenger cars in Europe

00:56 by establishing a manufacturing facility in Hungary.

01:00 [SWOOSH]