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Audi showcases"in China for China" strategy with electric vehicles at Auto Shanghai

China

China

China

Audi showcases"in China for China" strategy with electric vehicles at Auto Shanghai

2025-04-25 19:56 Last Updated At:21:07

Audi remains committed to deepening its "in China for China" strategy, focusing on innovation and striving for greater success in its key market, said CEO Gernot Döllner.

At the 21st Shanghai International Automobile Industry Exhibition, Audi unveiled a strong lineup of all-electric vehicles alongside its local partners, reaffirming its long-term commitment to the Chinese market.

"We have always been inspired by our Chinese customers. We have always done development 'in China for China' and we are now bringing it to the next level, with both joint ventures, with SAIC. We for the first time co-developed the car together with strong design. It was quality with chassis technology from Audi and with the Chinese ecosystem that's brought from SAIC to the party. So we really have our Chinese customers in the focus," Döllner said at the event.

In the face of escalating U.S.-China tariff tensions and the European Union's exploration of alternative tariff plans, including minimum price benchmarks for Chinese-made electric vehicles, the Audi CEO reiterated the company's commitment to free trade.

He also expressed confidence in the company's strategy, highlighting its localized operations in China as a key advantage.

"We believe that Free Trade is the right way to handle that. And we are really happy to have a strategy where we are already localized in China. So we see ourselves perfectly set up in the Chinese market. We have a strategy like that also in mind for the U.S.," he said.

Also known as Auto Shanghai, the 10-day event got underway in the eastern China metropolis on Wednesday and is expected to see over 100 new product debuts among the 1,000 participating auto brands, while over 100,000 daily visitors are set to descend on one of the world's largest auto shows.

Audi showcases"in China for China" strategy with electric vehicles at Auto Shanghai

Audi showcases"in China for China" strategy with electric vehicles at Auto Shanghai

The World Bank predicted Tuesday that energy prices may surge 24 percent in 2026 to their highest level since the Russia-Ukraine conflict erupted in 2022 due to the war in the Middle East, while overall commodity prices are projected to increase 16 percent.

In its latest Commodity Markets Outlook released on Tuesday, the World Bank said that attacks on energy infrastructure and shipping disruptions in the Strait of Hormuz, which handles about 35 percent of global seaborne crude oil trade, have triggered the largest oil supply shock on record, with an initial reduction in global oil supply of about 10 million barrels per day.

Fertilizer prices are projected to increase by 31 percent in 2026, driven by a 60-percent jump in urea prices, while prices for base metals, including aluminum, copper and tin, are expected to reach all-time highs.

Precious metals prices are forecast to increase 42 percent as geopolitical uncertainty fuels demand for safe-haven assets.

Commodity prices could rise even higher if hostilities escalate or supply disruptions from the Iran war last longer than projected, the report said.

Indermit Gill, the World Bank Group's chief economist and senior vice president for Development Economics, said the war is hitting the global economy in cumulative waves, warning that poorer populations will be hardest hit.

World Bank forecasts 24-pct surge in energy prices in 2026

World Bank forecasts 24-pct surge in energy prices in 2026

World Bank forecasts 24-pct surge in energy prices in 2026

World Bank forecasts 24-pct surge in energy prices in 2026

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