German, Japanese EV Makers to Lag Local Companies in China for Years -- Market Talk

Dow Jones2023-04-27

1343 GMT - German and Japanese car companies are being squeezed out of China's world-beating electric vehicle market by local manufacturers, and will probably trail for years to come, Bernstein analysts say in a note. Bernstein says foreign brands have dominated gas-burning vehicle sales in China for decades but are losing ground in the battery-electric vehicle category, where only Volkswagen is in the top 10. Foreign companies lag behind locals like BYD on popular "infotainment" systems, as well as EV-specific manufacturing platforms, the analysts say. They also list pricing and slow production pace as factors. Bernstein says foreign companies are stepping up but have a large gap to close. "Time will tell whether these products catch on with Chinese consumers," the analysts say. (david.sachs@wsj.com)

(END) Dow Jones Newswires

April 27, 2023 09:43 ET (13:43 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2330536494?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-04-27 21:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2330536494","market":"hk","top_or_hot":-1,"title":"German, Japanese EV Makers to Lag Local Companies in China for Years -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1343 GMT - German and Japanese car companies are being squeezed out of China's world-beating electric vehicle market by local manufacturers, and will probably trail for years to come, Bernstein analysts say in a note. Bernstein says foreign brands have dominated gas-burning vehicle sales in China for decades but are losing ground in the battery-electric vehicle category, where only Volkswagen is in the top 10. Foreign companies lag behind locals like BYD on popular \"infotainment\" systems, as well as EV-specific manufacturing platforms, the analysts say. They also list pricing and slow production pace as factors. Bernstein says foreign companies are stepping up but have a large gap to close. \"Time will tell whether these products catch on with Chinese consumers,\" the analysts say. (david.sachs@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 27, 2023 09:43 ET (13:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>German, Japanese EV Makers to Lag Local Companies in China for Years -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGerman, Japanese EV Makers to Lag Local Companies in China for Years -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-04-27 21:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1343 GMT - German and Japanese car companies are being squeezed out of China's world-beating electric vehicle market by local manufacturers, and will probably trail for years to come, Bernstein analysts say in a note. Bernstein says foreign brands have dominated gas-burning vehicle sales in China for decades but are losing ground in the battery-electric vehicle category, where only Volkswagen is in the top 10. Foreign companies lag behind locals like BYD on popular \"infotainment\" systems, as well as EV-specific manufacturing platforms, the analysts say. They also list pricing and slow production pace as factors. Bernstein says foreign companies are stepping up but have a large gap to close. \"Time will tell whether these products catch on with Chinese consumers,\" the analysts say. (david.sachs@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 27, 2023 09:43 ET (13:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"002594","symbol_name":"比亚迪","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2330536494","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2330536494","pubTimestamp":1682602980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1343 GMT - German and Japanese car companies are being squeezed out of China's world-beating electri","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"002594":"比亚迪","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","BK0155":"锂电池","BK1610":"ETF&股票定投概念","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK0014":"新能源汽车","BK0169":"共享汽车","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK0070":"员工持股","BK4124":"机动车零配件与设备","BK1582":"深圳本地概念股","BK1594":"碳中和概念股","BK0196":"行业龙头","01211":"比亚迪股份","CAAS":"中汽系统","BK1539":"汽车股","BK1522":"燃料电池","SG9999006514.SGD":"United Asia Consumer Fund SGD","LU0823414478.USD":"法巴经典能源转换基金","SG9999015978.USD":"利安颠覆性创新基金A","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","BK0264":"汽车制造","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BK0183":"MSCI概念","BK0188":"融资融券","BK1119":"汽车制造商","BK1540":"电池","BK0072":"苹果","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","BK1509":"特斯拉概念股"},"translate_title":"德国、日本电动车制造商将落后中国本土企业数年——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002594":0.9,"EVS.SI":0.6,"01211":0.9,"CAAS":1},"content_text":"1343 GMT - German and Japanese car companies are being squeezed out of China's world-beating electric vehicle market by local manufacturers, and will probably trail for years to come, Bernstein analysts say in a note. Bernstein says foreign brands have dominated gas-burning vehicle sales in China for decades but are losing ground in the battery-electric vehicle category, where only Volkswagen is in the top 10. Foreign companies lag behind locals like BYD on popular \"infotainment\" systems, as well as EV-specific manufacturing platforms, the analysts say. They also list pricing and slow production pace as factors. Bernstein says foreign companies are stepping up but have a large gap to close. \"Time will tell whether these products catch on with Chinese consumers,\" the analysts say. (david.sachs@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 27, 2023 09:43 ET (13:43 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2330536494","isCrawlerRequest":true}