ow the world\u2019s carmakers can reduce their reliance on China for EV battery supplies.\u00a0<\/strong>OEMs urgently need to develop alternative battery supply chains and optimize their battery manufacturing processes to ensure a sustainable EV business<\/p>\n\n <\/div>\n\n \n\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t European and US car manufacturers are critically dependent on China\u2019s vast automotive market, with German OEMs among the most exposed. For example, in 2020 Volkswagen sold almost half of its cars in China, compared with around one-third of total output for BMW, Mercedes-Benz and Audi.<\/span><\/p> Clearly, German and other European, US and Asian OEMs rely on Chinese consumer demand and the continued willingness of the Chinese government to provide market access for their vehicles. But their dependency extends further.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Willy Wang<\/p>\n Principal & MD (CN)<\/p>\n willy.wang@berylls.com<\/p>\n <\/div>\n Insight download and author information\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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