Europe versus China: Mahle CEO on competition in trucks: "Battle of the giants"
In electric trucks, European and Chinese manufacturers are meeting. The head of the supplier Mahle is not writing off the Europeans, although China has an advantage when it comes to batteries. Why?
Arnd Franz, CEO of Mahle, a supplier to the automotive industry, believes the competition to electrify trucks is still open. The commercial vehicle segment is at an earlier stage of electrification compared to passenger cars, and European manufacturers currently dominate the global market, with Chinese manufacturers also present.
Franz notes that the battery value chain is largely Chinese, but emphasizes the importance of European engineering expertise. Mahle, which generates 20% of its revenue from commercial vehicles, expects the sector to grow faster than the global economy, with potential growth rates of over 3% per year, and aims to increase its market share in China and benefit from India's economic growth.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
