In none of the most important sales markets in the world has Porsche sold as few examples of the all-electric model as in China.
(Photo: IMAGO/VCG)
Dusseldorf, Vienna The German car manufacturers have not yet achieved any significant market share with their electric cars in China. Local brands such as BYD, Nio or Xpeng and the US manufacturer Tesla sell significantly more battery-powered vehicles than German companies.
The full extent of the problem is now shown by insurance data from China, which the Handelsblatt was able to see. According to this, Volkswagen only had a market share of 2.4 percent for purely electric vehicles last year. BMW, Mercedes and Audi even failed the one percent hurdle with 0.8, 0.3 and 0.1 percent.
Because every car owner in China has to take out compulsory government insurance, the data is considered accurate.
This is a warning sign for the German manufacturers: they are dependent on the Chinese market. They sell more than a third of their vehicles here, and a fifth of the new combustion engine registrations in China are for cars from German manufacturers. At the same time, the proportion of electric cars in China is growing much faster than expected.
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