Car expert Helmut Becker: The car industry is changing - what awaits us in 2024?

Car expert Helmut Becker: The car industry is changing - what awaits us in 2024?

According to a report by www.n-tv.de, the German auto industry faces major challenges in 2024. The dominant Chinese electric car manufacturers at the IAA in Munich and Volkswagen's loss of market share in China indicate rapid change in the industry. Accordingly, the global auto industry will face major challenges, particularly from increasing competitive pressure from Chinese manufacturers and political uncertainties.

According to statements by automobile expert Helmut Becker, the German auto industry is expected to be in a worse position than in 2023. Global competitive pressure is increasing, particularly due to the growing presence of Chinese manufacturers on the global market. This leads to falling prices and returns in the industry.

German industry representatives should focus on electromobility, similar to what Chinese manufacturers have done over the last 30 years. It is also recommended that we continue to pursue the topic of combustion engines, as Germany is making progress here, especially with regard to the possible era of synthetic fuels.

Only small growth is expected for the German car sales market in 2024, although the overall economic and growth expectations have deteriorated. Chinese carmakers, particularly BYD, are increasingly entering the global market and could have a significant impact on the industry in 2024.

It is noted that Chinese carmakers produce high-quality and competitive cars specifically aimed at the mass market. In addition, potential positive surprises for 2024, both internationally and nationally, are discussed.

The future of Tesla is being viewed critically as the company's model policy and the market situation present challenges. Overall, 2024 is shaping up to be a challenging year for the German automotive industry, particularly with regard to global competition and political uncertainties.