IAA Mobility 2023 Car Exhibition

The leading automobile exhibition, where car manufacturers, enthusiasts, and innovators from around the world come together to display their products, begins today in Munich, Germany. It will run until September 10. This is one of the world's largest automobile exhibitions and is also known as IAA MOBILITY.

Reuters news agency, citing experts in the field, has reported that the world will be able to witness China's progress in the development of Electric Vehicles at this automobile exhibition.

It further stated that China has presented its products for the IAA MOBILITY exhibition, controlling the supply chain in Electric Vehicle (EV) manufacturing.

A notable feature is that 41% of the products presented at this year's exhibition are automobiles manufactured in Asia.

Foreign reports also indicate that the products presented by China have doubled there.

China is expected to present products including electric vehicles and electric batteries under the brands BYD, CATL, and XPENG at this exhibition.

Reuters news agency stated that this progress in electric vehicle manufacturing in Asia will pose a challenge to European manufacturers.

Experts in the field are of the opinion that Europe should abandon its macroeconomic approach in the production competition with China.

Specifically, the control of the electric vehicle battery supply chain by China has been presented as an example by the Head of Engineering at Renault car company.

A main theme of this year's Munich Motor Show will be about the price of electric vehicles.

(Source: Reuters News Site)