China's electric cars are quickly gaining market share in Germany

Chinese electric cars have recently gained significant market share in Germany. As can be seen from an analysis by the consulting firm EY, which is available to WELT AM SONNTAG, Chinese-owned manufacturers accounted for 12.1 percent of all registered electric cars in the third quarter from July to September. A year earlier, according to calculations, this value was 8.0 percent.

In the third quarter, around 39,500 electric cars were registered by manufacturers with Chinese owners, an increase of 168 percent. The growth of German manufacturers was significantly lower. The Volkswagen Group is at the top of the manufacturer comparison with 26,500 registered electric cars in the third quarter. However, the Wolfsburg-based group only recorded an increase of 13 percent compared to the previous year.

The German car industry is concerned about the growing competition from China, which often offers its models in Europe at very low prices. The EU, led by Germany and France, wants to regulate Chinese car imports more closely. Brussels and Beijing recently agreed to cap the permitted imports of hybrid cars from China to Europe.

Klaus Geiger has been reporting on topics at the interface between economics and geopolitics for many years.

Christoph Kapalschinski is a business editor and currently at the Paris Motor Show.