Find more and more friends in this kind of new and vehicles fields and to work with them to promote the new energy. Technology is a and a or so per dogs, globally. Europes Car Manufacturers are also going electric, but their transition from combustion engines to batteries will take decades. Hundreds of factories have to be converted. Thousands of workers will need retraining, and countless new models will need to be developed and the billions of yours needed to make the switch are still being earned from gasoline and diesel cars. I think the, the compensation is increasing clearly with the arrival of a lot of new brands. Would we equally, or a challenge of brand without a electric cars with the group that time is going to be spread the way also comes from china. So i think were in good shape to face a compensation. Meanwhile, german manufacturers are seeking to get a leg up through collaborations. Chinese providers are going all in on electric, while europeans are bidding on various power sources. But in the end its the buyers will decide which Car Manufacturers have a future and which dont full more. Lets bring in dw correspondence, christy plus, and chris, the chinese car makers trying to make quite a splash there in munich. What exactly is their plan . Right, well what theyre here to do, christmas, to capitalize on the expertise theyve honed in their own whole market over the last 20 years. Now china is undoubtedly the farthest along when it comes to developing. Its in the market. Well, one and every 3 cars produce there is electric. They also have a much more developed charging grid there than in europe and in the United States. So in some ways, here in europe, legacy carmakers like mercedes a who stand them, were setting out right now. They were in some ways just getting their feet wet compared to china when it comes to producing ease and china, chinese makers are hoping to cut in on some of that market. So the experience that these manufacturers have made so far on the domestic market in china, thats the reason why they are so confident that they can leave their mark in europe and grab a solid slice of market share. Right, well, as i said, i are the market, the in china is much farther along and its really interesting when you take a look at these players in china versus the players here in europe, for example. I mean here uh that were the market is dominated by legacy carmakers like volkswagen, mercedes bmw. Whereas the Chinese Market has been filled by of lots of Small Companies that are maybe only 20 years old. Sometimes a lot of the times they got their start as Digital Companies or as battery companies. So coming from a more of a start up approach to tackling the problem. So theyre hoping to bring this mentality here to quite an old market to shake things up. Now what a german or european car make us for that matter have in store to compete with the chinese right, well, i mean uh these brands like mercedes bmw, volkswagen, they of course have the brand history of the brand identity. They have a Customer Base that is used to buying those cars and what we are hearing at the trade fare and the other part of munich this morning. Uh from uh, volkswagen for example is a lot of weve got this uh were handling this transition to electric vehicles. You can trust us as youve always trusted us. So thats definitely the nice what were hearing from these legacy carmakers. Uh that theyre hoping that their Brand Recognition and their history will be able to see them through this massive transition. Nevertheless, you mentioned these legacy carmakers. Do they feel threatened by whats coming from china and this big market for electric vehicles there . Well what i can tell you, chris is i have never heard so many german people speaking chinese as i have today. We heard it in the volkswagen speech. I heard it also just on the floor, maybe just little bits of mandarin. Uh that uh, german uh, Business People were throwing around. I also spoke with uh, the ceo of cobra. Volkswagen brand. Uh he also was saying hes speaking mandarin and but actually uh, slips on cobra. His cars are being produced in china. So what we are seeing here is some attempted synergy between a chinese and european markets may be learning from each other, but also maybe keeping in a way of keeping your friends close for your enemies closer. That was our correspondent christies plats and speaking to us. There from d, i a munich mobility shop, i guess the backdrop of growing pressure on the car industry. German exports fell slightly in july, drive down by sluggish international demand, adding to gloom about europes biggest economy was some analysts fear is on the brink of recession, exports, were down 0. 9 percent. Thats less than an offset expected, but still shows that german industry is struggling to offset the impact of Higher Energy prices since the war in ukraine. Sluggish economy in germanys top trading partner, china has also had an impact, although x 40 slightly in july after the slumped into Florida Spring convention stem. Or hes an expert on a National Trade policy at the kill institute for the World Economy. Welcome to the w events, and lets take a quick look back here at our main topic of the car industry. How much this machine are you like . Chinese electric vehicles for that matter. A threat. The german manufacturers that have made a lot of money selling their products around the world, the best yes, we do observe that the chinese production has been becoming a competition for german manufacturers of automobiles as well as machinery. We observed for example that the importance of sector of machines, ass last competitiveness to china and us exporting less to china. And then we would expect based on the growth of the 2 economies. Experts overall uh, are down month to month, uh, the trade where the United States and china, which are 2 of germanys most important writing partners, that trade is up. What do you make of that as well . First of all, the data points that you mentioned is a Monthly Trade data. So Monthly Trade data tends to be somewhat volatile, but there is a growing trends within the state of point as well. So German Growth of the drum and export growth has been struggling. This entire year, the United States as an import markets for as a, as a market for exports. It has been somewhat stable. Now, what do we do . Observe quite interestingly, is that china as a market for exports has been declining in importance as so if you look at the data from 2020 a, china has been importing approximately 8 percent of all german exports. Now this value is down to from age to approximately is a 6. 2 percent of the 1st half. So the importance of china as a market for german exports has been declining. Mentioned to high financing costs by the inflation slowing growth, and what economists call eroding competitiveness in germany. How much will interNational Trade be able to contribute to germanys already sputtering economic engine as well . To be honest, this year we do expect that export close is going to be a very small, its not negative. A bunch of them, the years to come on growth will still come from exports due to the might that economy is around the world are growing somewhat faster than germany. Take china, for example. Yes, the chinese economy struggling and there is competition. But the chinese economy economies in Southeast Asia are going fast, and this will contribute to german export quotes in the years to come. There will be some negative news in the next month, next quarters perhaps. But in the long term, there will again be some um images for 4 or 4 german export class events. And briefly, if you could, if look at the immediate situation, what could be a signal for a turnaround . A stop of rate increases in the United States, for example. Yes, absolutely. So Interest Rates play major role because what terms tend to exports are machines, which are capital goods, they have to be invested so high Interest Rates tend to 1st of these term and export the export machines, for example. So turnaround and the Interest Rates as this has whats, whats helped german exports mentioned stammer of the kill institute for the World Economy events. And as always, thank you. Youre welcome. And finally, heres a look at some of the other Google Business stories making news. The International LaborOrganization Says more and more kids are being pulled out of school and put to work to help support their families. And that increasing economic hardship. Data shows that some 160000000 children are being subjected to child labor. Some of the worst forms of work involved. 6 year old exploitation standing president william roto has kicked off africa as far as Climate Summits. Hes urging thousands of delegates at the event in a row be to see the climate prices as a unique opportunity for the continental track of millions of dollars. An investment tree has positioned himself at the forefront of africa and efforts to combat climate change. China as president using pay, well skip the summit of top economy is the g 20. 00 in delhi. This weekend. The was the 2nd largest economy, will be represented by its premiere, the child. Step move comes as the host country in the seas. Rapid economic expansion, while labor china faces they slow down and they see areas of headaches including a wobbly property sec. This is a reminder of the top business story we are following for you at this hour. Germanys i a International Motorcycle re branded as amiability show, kicked off and munich today, be able to see a strong effort by chinese auto makers to make a splash in europe fledgling electronics vehicle market. And that is our show for now. Of course colburn roland, thanks for watching. A very successful the connection to type problem officers. Style pin is down. I can is august and tiny house concept. With top right. Classical musicians under the goals, fake news, the outs and vans in such a minute. Dw garbage dumps and remain used, think of trash and corruption. The country is waste. Management industry is filled with problems, trash, assembly sausage on pipe. But even the model projects does meet you standards. They are showing which fund waste it shows up in 75 minutes on d. W of flying rivers formed by a loss of full c. This firing trees or see stars fires find no good deal of the the invisible with effects flows through the sky. Starts september 20th on the w. The the this is dw news live from biling, new helpful, ukrainian gray and exports rushes. President settlement boots is sold with, so appealed, restoring the black sea agreement with construct it also on the program, ukraines president flooded visit nc sacks, as defense, minnesota in the wake of corruption, navigation foss, advocates for Climate Summit to kicks off in 10. Yeah, thatll get say the confidence could become a Renewable Energy house. Bob will need Financial Support from the