European electric vehicle development “stuck”

“Europe is losing the competitiveness of electric vehicles!” German “Spiegel” weekly reported that a European electric vehicle research report released by the European Parliament on the 18th stated that China is currently vigorously developing and producing electric vehicles, but Europe is still stagnant , The future may lag behind China.

The 89-page report points out several major shortcomings in the European electric vehicle sector. The first is the number of new electric vehicle registrations. China registered 2.3 million last year, the United States had 1.1 million, and the European Union had only 960,000. From 2017 to 2018, China’s share of global electric vehicles also rose from 39% to 45%.

The second is the amount of investment in the field of electric vehicles. Investment from China accounts for 45% of total global investment. German Volkswagen, Mercedes and other car companies in China accounted for half of all their electric vehicle investment. Bratzer, director of the German Automobile Management Center, said that China is the most important automotive market, which is why manufacturers mainly invest in China.

The EU also lags far behind China in battery manufacturing. Currently only 3% of global battery production is in Europe, and 85% in Asia. Blazer believes that the European battery industry is lagging mainly because of high production and energy costs. According to the report, European automakers are also inferior to China and the United States in their investment in pure electric vehicle manufacturing platforms. European automakers still rely on fuel vehicle platforms and lack the courage to make rapid transitions.

The US “Fortune” website said on the 18th that 2020 is a key year for the promotion of electric vehicles in Europe. From January next year, the emission reduction bill will be further implemented, and many consumers will buy fuel cars at the last minute. According to the data released by the European Automobile Manufacturers Association on the 17th, new car orders in Europe have increased significantly in the past three months, especially for large-displacement vehicles. The number of new car registrations in the EU rose by 4.9% in November alone. Among the major markets, the biggest gains were in Germany (9.7%), followed by Spain (2.3%), Italy (2.2%) and France (0.7%).

American-Italian car company Fiat Chrysler (FCA) and French car company Peugeot Citroen (PSA) said on the 18th that the two parties have agreed to a binding merger agreement. This marks the forthcoming birth of the fourth largest car company in the world after Volkswagen, Toyota and the Renault-Nissan-Mitsubishi Alliance. In the previous two trading days, the stock prices of FCA and PSA collectively rose.

Germany’s “Commercial News” reported on the 18th that the size of the transaction reached 50 billion US dollars, and the two parties will each hold 50% of the shares. It is expected that the transaction will be completed within the next 12-15 months. It will create an automobile group with an annual sales of 8.7 million vehicles, an annual sales of nearly 170 billion euros and an annual operating profit of more than 11 billion euros.

Tavares, chairman of the combined group’s board of directors and chief executive officer of PSA, stressed that the merger “is an excellent opportunity for the company to occupy a more advantageous position in the automotive industry.” It’s about mastering the transition to “clean, safe and sustainable cars.” The new group will be better able to invest in new technologies. Fiat Chrysler CEO Manly will retain his former position at the new group, saying that the merger is expected to save about 3.7 billion euros without closing the plant.

German TV One said that the merger of the two companies was not accidental. At present, European automakers are under tremendous pressure, in particular, they must invest billions of euros in self-driving cars and electric vehicles, and face difficulties such as declining global demand and the increasingly stringent environmental regulations of the European Union. The merger will help the two automakers tackle major challenges in the industry.

However, this occasion requires approval from the competition authority. Prior to the completion of the merger, China Dongfeng Motor, one of France’s Peugeot Citroen shareholders, will also sell 30.7 million shares it holds to the Peugeot Citroen Group to reduce the current 12.2% shareholding. The value of this part of the stock is expected to reach 679 million euros. The Italian and French governments and local unions may be concerned about potential job losses; the combined workforce of the two companies is about 400,000.

“Amazon, Google, and Apple will jointly create a unified standard for smart home equipment to solve system compatibility issues.” The US CNBC website said on the 18th that smart home systems have increasingly become a business area competing by technology giants in recent years. Data released by the international market analysis agency IDC in September this year shows that global smart home equipment shipments will reach nearly 815 million units this year, an increase of 23.5% year-on-year, and this number will increase to 1.39 billion units in 2023. But at present, the incompatibility of smart home products among enterprises is a headache for consumers, and suppliers of smart home equipment have to produce according to various standards.

This collaboration is called the “IP-based Connected Home Project” and is committed to creating a new standard for smart home products. In the future, consumers will see a specific mark on the product packaging when purchasing smart home products to prove that the product meets the universal compatibility standards.

In addition to Apple, Google and Amazon, companies included in the ZigBee Alliance will also participate, including Samsung SmartThings, Schneider Electric, Philips Lighting, IKEA, NXP Semiconductors, and more. This alliance will initially focus on unifying physical security home appliance standards such as smoke alarms and carbon dioxide sensors, smart door locks, security systems, electrical plugs, curtains, and HVAC (heating, ventilation, and air conditioning) controls, etc. Extend to other devices and business solutions.