British Steel’s Post

If you want to understand in a few graphs what is currently happening to the European car industry, watch this 👇🏻 #Carmageddon #China #EVs

A brilliant analysis, using data to simplify and visualise car supply chain shifts. Understanding from where products are sourced, is the kind of information consumers, businesses and regulators will increasingly want to see in many industries.

🚗What's happening to Europe's car industry (and for that matter most other regions' too) is one of the biggest stories in the world right now. It will probably be among the biggest stories of next year too. We are witnessing a slow motion implosion driven by multiple factors (chief among them Chinese competition). Here is my attempt to try to tell this quite complex story for television👇 https://lnkd.in/eTY_Bccf

Want to know why we're seeing so many unfamiliar Chinese EVs on our roads? This is a quite brilliant piece of analysis from Ed Conway on the state of the UK/EU car industry in 5 minutes, and well worth watching. Around 20 years ago, I sat on the PR and Comms steering group for Euro NCAP - For Safer Cars, Vans & Trucks. I remember those first Chinese cars coming through for crash-testing and the safety standards were generally woeful. European and Japanese manufacturers could sleep easy, knowing the Chinese had a lot of catching up to do. But not only have Chinese carmakers caught up on safety, they're now bossing the trade in EVs. It's so interesting to see how they've turned their disadvantage in engine-building into a huge advantage in the world of battery tech. Meanwhile more established carmakers grapple with the transition... OK, there are brands to build and hearts to win over, but there's also the huge issue of which EVs people can afford to buy - and China has the edge. It'll be interesting to see how long-term values hold up for Chinese EVs. That feels like a place where the prestige European carmakers, at least, could still seek refuge. But as with safety standards, they can't rest on their laurels any more. #EVs #cars #China #Europe #carsafety #EVbatteries

CARMAGEDDON: A very good summary of what is happening in the automotive segment by mr. Ed Conway, presented in an excellent way. Every decision maker in the EU and the US should know it by heart!

Very detailed perspective on the automotive market. Thanks Ed Conway for sharing the insights in such a simple and effective manner :)

A very insightful overview by Ed Conway regarding the car industry and technology evolution to understand the current market, e.g. increasing taxes or relinquishing car construction facilities. I wonder what would be the impact of mining in a longer term?

📺 Check out this informative video on the current state of the global car industry and China’s rise in the electric vehicle (EV) market. Here’s why China is leading the way: 🔋 Lower Production Costs: It's much cheaper to produce EVs in China, thanks to lower costs for key components like batteries and chassis. 💰 State Subsidies: The Chinese government provides up to 9 times more subsidies to its EV manufacturers compared to developed nations, giving them a major cost advantage. ⚡ Cheaper Energy: China's reliance on coal-powered energy results in lower production costs compared to Europe and the US, where energy prices are higher. 🔋 Battery Production Power: China controls 65% of the global EV market and 82% of the world’s battery production, as well as dominating key components like anodes and cathodes. 🔬 Technological Edge: While the EU focused on high-energy density batteries, China developed a more cost-effective and safer low-energy density battery, which is now seeing rapid growth in demand. 🌍 Global Tariffs: With many countries imposing tariffs on Chinese EVs, the UK remains a top destination for Chinese electric cars, raising questions about the future of the UK's car industry. 🌟 My Take: While these advantages are impressive, it’s worth noting that low labor costs in China mean employees in EV companies may not fully benefit from this boom. This raises concerns about sustainability in the long run, not only for the workforce but also for the broader ecosystem surrounding EV production. The rise of EVs in China is a game-changer for the automotive industry, but the path ahead will require balancing economic growth with equitable benefits and sustainable practices. #ElectricVehicles #EV #China #Innovation #AutomotiveIndustry #Sustainability #BatteryTech

𝗖𝗼𝘂𝗻𝘁𝗱𝗼𝘄𝗻 𝘁𝗼 𝗡𝗔𝗗𝗔 𝟮𝟬𝟮𝟱! I'm excited to head to NADA next week to connect with fellow industry leaders, dealers, and innovators. With market shifts, new tech, and evolving consumer expectations, I believe this year's event will be a game-changer. 3 𝘒𝘦𝘺 𝘛𝘰𝘱𝘪𝘤𝘴 𝘖𝘯 𝘔𝘺 𝘙𝘢𝘥𝘢𝘳 1. 𝗘𝗩 & 𝗛𝘆𝗯𝗿𝗶𝗱 𝗧𝗿𝗲𝗻𝗱𝘀 - In 2023 EV Sales surpassed 5% of total auto sales in the US. How will Dealers adapt sales strategies to meet consumer value props; and what technologies will simplify this market shift 2. 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗪𝗮𝗿𝗿𝗮𝗻𝘁𝘆 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 - While "AI" is a hot topic in all industry's, what new innovations will emerge this year to leverage data and technology to drive better customer experience. 3. 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗥𝗲𝘁𝗮𝗶𝗹 & 𝗘-𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗘𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 - As consumer buying habits change, how is the market bridging the gap between online experiences and in-dealership visits to meet evolving consumer expectations. 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝗙𝗼𝗿 𝗬𝗼𝘂: If you are attending NADA, what are you most eager to learn about this year? If you can't make it, what insights would you love to hear from the event? #NADA2025 #AutomotiveIndustry #Dealer #AutoTech #AutoWarranty #LetsConnect

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