The automotive industry is at a critical juncture, facing a monumental shift towards autonomous driving and electric vehicles. This transformation has not only technological implications, but also significant geopolitical and economic ramifications. The recent Berlin Global Dialogue brought together key players in the automotive industry to discuss the future of trade, investment, and supply chain pressures.
The session featured prominent figures such as Robert Habeck, Vice Chancellor and Federal Minister for Economic Affairs and Climate Action in Germany; Brian Gu, Vice Chairman of the Board and Co-President of XPeng; Ola Källenius, CEO of Mercedes-Benz; and Cecilia Malmström, Former Trade Commissioner of the EU and Nonresident Senior Fellow at the Peterson Institute.
The discussion delved into the looming dominance of China in global vehicle sales, the EU’s impending decision on tariffs, and the overall impact of these factors on the automotive industry. With China’s rapid advancements in electric vehicles and autonomous technology, the competition in the industry is heating up.
As countries and companies navigate this transformation, collaboration and innovation will be key to staying ahead of the curve. The insights shared during the Berlin Global Dialogue shed light on the challenges and opportunities that lie ahead for the automotive industry in the midst of this historic transformation.
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Video “Live talk: The historic transformation of the automotive industry | Berlin Global Dialogue” was uploaded on 10/03/2024 to Youtube Channel DW News