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2025-12-16 21:29:09
[German Research Institute: The Future of the Automotive Industry Lies in Cooperation with China] A report released on the 15th by the Bochum Automotive Research Institute in Germany, forecasting the global passenger car market to 2026, states that China's importance in the global automotive market is further increasing, and the future of the automotive industry lies in cooperation with China. "Without the Chinese market, it's impossible to truly enter the automotive industry," said Ferdinand Dudenhöffer, the report's author, a German automotive economics expert, and director of the Bochum Automotive Research Institute. He added that the increasing economies of scale brought by the Chinese market and its complete supply chain, as well as China's rapid development and innovation in cutting-edge technologies such as power batteries, new energy vehicles, and autonomous driving, are key drivers propelling the global automotive industry towards electrification and intelligentization. (Xinhua)
