A study report shows that if the European Union and China play tariff war, German luxury car companies such as Marseille and BMW will face the greatest risk.
According to the Bloomberg Society on Monday (September 25), in order to protect European auto manufacturers from the impact of a large number of cheap Chinese cars, the European Union initiated a survey of Chinese electric vehicles subsidies.If China has taken countermeasures, the most profitable luxury car companies such as Marseille and BMW will face the biggest risks.
For German high -end automobile manufacturers including Porsche, China is the huge market for their most expensive models, including S -Class, seven series and Cayenne RVs.If Beijing takes revenge on the European Union, these cars will be the first.
Analysts of the Bernstein Research Institute pointed out in the report that "those who live in a glass house should not throw stones."According to the report, if the European -China trade dispute is upgraded, the three major German luxury car manufacturers will be hit hard.
China is the largest export destination for Germany's most expensive cars.Last year, the Global sales of the BMW Seven Series and Marseille S -Class, and the Chinese market accounted for more than one -third.The German luxury car, which sells for RMB 1.47 million (about S $ 274,900), ships more than 1,000 units in the Chinese exhibition hall per month.
For Volkswagen's Audi, the Chinese market accounts for more than one -third of its global sales.Last year, Audi exported more than 10,000 A8 luxury cars exclusively produced in Neakasulm in Germany.
Analysts of the Bernstein Research Institute estimated that income from China contributed more than 25%of the basic net profit to the above -mentioned German auto manufacturers.
