The thing is i was trying, his new tv manufacturers are making their way into the your mock is what im in munich. Germany still gives cost city to find out what the germans lancaster china is tv offensive. I see it so you know, were going to try to talk to some of the car is a symbol of human intelligence. Technological progress. Yeah. Was hard for me. So its my biggest dream is a kid has to be involved with cause i need in china for the single just when i go almost last towed in 2016, a good friend from shanghai, you know, send me a Product Launch video from a Company Called me up to, to a chinese new meal means future problems. My friend excitedly told me what the future has be gone for us save the, im sorry its yes im in the next few years. I could see my childhood dreams coming true more and more. So youll resign. If neil friends like the like the next name, b, y, d de leon. John saying all sorts here the, since i know the name of the whole set to come to the european markets to june, april 2nd. Please. Enough for me to go directly to the streets of munich to find out what the germans think of they ex, pings b, y ds, links to the now popping up more and more often in the streets of this tradition. Rich city, the chinese car, i would say, do you know that its very simple, just guess you know, im guessing because i think theres a lot of good cars come from there. But lets colognes the way do you think the scar is from it doesnt look like a bmw of you from the side, but from the way youre asking, it probably is what youre hung chose. If you couldnt do it could be from bavaria. Where do you think these cars from home and say china is because most high in cars are only china expressing also so you know, then good quality and theyre good quality. A lot of chinese makers werent so high quality at 1st baptist. Im surprised that will inform the people on the streets so theyll work easier time to speak with in germany. And it may be in china. Is this the 2nd quarter . Sure. Oh, this shouldnt that now made in china . It looks like they say, such a ball general among the chinese comedy, cuz now gaining a foothold in europe zone u b y d is a strong this competitor with its logan and build your dreams easy. B, y deal is used to be synonymous with poor quality in china. Those hobbies will truck although before i have to say this is completely different from the b y d cause i used to drive its almost in a pile with german midrange and luxury cause really surprising. German automotive experts, ive taken note of this the chinese manufacturers will have a big market share in the future if they learn to at depth, same level to determine customer, uh, expectations for the chinese manufacturer. They have to learn a bit to them and, and it is quite important for the chinese manufacturers to a half your footprint and also in the development phase. And the munich is a good spot for that unit where the i a motor show recently took place is one of the leading centers of the german car industry. No Chinese Brands are making their presence felt the go. Hon dominique chinese car makers of opened their headquarters or Research Facilities here in one unit for joshua glenn georgia, highways. For example, the call maker founded in shanghai in 2017 spaces Technical Development center in munich. And one of the china is largest comic is great. Well, sales e cause like the or in germany and its chosen munich for its your opinion headquarters in germany, especially in southern germany with a lot of infrastructure. Hes very important to the industry. So thats why we choose to get our headquarters down to munich. What we have on the one hand side tell them. And on the other hand, side, infrastructure when it comes to suppliers, connect since with our partners like bmw, neil the up and coming chinese startup focused entirely on electric cars, located its design and brand Development Center in munich. Right after its founding. Since 2017, the chinese, the manufacturer is being fine tuning its product range in the various triggers runs out, which is absolutely the right decision. Were very proud of the 1st. It allows us to gather the metal design to tell them from all every year. And were gonna take this generation, we already have over a 100 top designers from 30 Different Countries that are a Global Design headquarters in manic who 2nd all of our models currently on the market are design in unit 2. 10 thats actually time. So tumble, dont live, so you wont be afraid of showing. And theres another reason why gemini is so important to the chinese and that your opinion offensive it has very long an old tradition when it comes to comic. And therefore, it is a very complicated market for every new entry. I would say, if you can make it to you, you can make it anywhere. Germany is very important. Its a big you can make it to you that you cook many kids in the market. Chinese rely not only on top products, but also innovative marketing. Trinity, i was here to show you whats called the lives of even open special clubs in unit to look at the link below. For example, you can not only find out about the products, you can also lease by borrow to help design the cost. Theyre also trying to create a brand community. Link fence can meet up with events, but just over a cup of coffee each facility screening will, im always open to new things and i think its good, especially for this establish determined market that a Little Something different comes along. Im not cool, it looks good. Its insanely luxurious when you get in. I expect that the price is fantastic. Its great value as nice things, right . This is tory real quick. I mean, where can you get so Much Technology so much cost, so much space for this price, the price you have to come with a lot of understanding and a lot of respect for that german consumer. So i think, you know, when you, when you understand that, and you can create a Value Proposition where that german consumer says, hey, thats really great from a product perspective because they know what a good product is, but also from a Value Proposition. Then if you make it here, you can make it anywhere. A z z on any chance you pick a car like this instead of a german 1. 9, its been no, since my parents have always driven german cars. Id rather look at a german car for us to before looking at cars from other countries like south on some of the place from you. Ill just was on the on. So is it is also a question of price, of course is like to see this car is much cheaper than a car made in germany. Likely, bmw, of course i consider buying one the cost, saving move into its own office, a call from products which are much cheaper to minus 25 percent on the conditions. Low Energy Prices invest relations. They thought that was would be much earlier in china. So service also already some motivation investment. So its also easier to come to germany, china and the car industry, the complex topic to get more clarity. Im bringing in an expert. Daniel gives you a set of joint ventures in china. B, m w, quit for a number of chinese call brands and founded the startup bytes. So hes Just Launched a company that aims to help the mobility made in china make a breakthrough with new marketing concepts. Means youve already founded several companies in china. You experience that back. So then you get back up and start over again. What makes you believe so much in the power of potential some of the chinese e car industry and what dental . Im sure theres a good software. Sure. You have what im waiting. Thats the entire evolution of this industry to get a quote from going fast. Theres a very successful policy for the 2nd term. Really, you go home and the 2nd chinese car makers have become very fast, holdings, competitive along the way, whats going on, and they have strong products due to the goal, tempe, the time is one decisive factor in this competition. China started systematically developing its electron mobility industry 20 years ago. A soft, sweet nature or something. At that time, the government started encouraging everyone to build electric cars and whether startups or traditional car make an offer to them for the Chinese Government initiated a very good industrial policy. And so Many Battery Companies and suppliers in the electric cars supply chain, but also thrive. Going from keiser to potter in order to get the cars off the ground. China provided government funding for the r and d of all the mobility components that mans uninterrupted supply of all the Raw Materials needed for batteries, electric motors. And so thats one reason the chinese is now overtaking the germans in the field. E mobility depaula bureau in virginia, thats out of hand in determining the product range of chinese comic is from the very start. And its also placed a great deal of emphasis on efficiency and inexpensive small cars. The onslaught of chinese electric cars in europe is now a serious threat to the german car companies. The former top dogs, the oldest of industry. The 2nd we are watching this closely. We have respect for the speed and quality of the work, you know, as a german car maker, were still very strong and all the part where components of metal on this deal. But we have a hard time with software. What does that make and our supply chains dont allow is the same speed as the new players to be on the front end of the day. Its always a Mountain Time to market. And i think thats the big edge of the chinese tires. They have a blazing fast on time to market. On scheduling time to mark the german car industry has long struggles react quickly to the market. For this fall from throwing in the towel. Ne cox homeless stock. Its a tough competition for us. But in the end its good because it challenges on a solid. We have a Clear Strategy on how to deal with that. And now its about who is the head of the game on the big thing. And the Automotive Industry is, who is gonna build the a small getting off electric. Its not there yet. What it means to the full. Its what it means and the Affordable Electric on not much more expensive than a comparable guess of income. I believe this causes us be brought to the market by chinese and this is the true game changer. If you like the car at 1st sight, not my kind of car off the old to buy a car. She was and i dont know if its the kind of car we need in the future. Oh okay. What kind of cars do you think we need in the future . Uh, model cars that are spacious, that have features where you can transport things to one in home with both phones, puts you in on the 15th. Yes, its a nice room if you are choosing a car, we can good to see the one like this on also in professor. Yeah. Yeah. Is there anything you dont like about because Human Resources is really i would probably not buy such a big car. I dont need it. I need a small one in the city or some sign my impression from talking to people in the very metropolis, even tradition bound munich, people seem to be more open to the chinese car offensive the night expect it. There is little evidence of german fear in the streets. The far as the kid, my biggest dream is to somehow be involved with causes are made in china. And now im driving a car from china, through the streets of new to the, to the days it felt like a dream for me. Ive never driven to so many cars from china and german road dealing with you to send that you guys are told you left your home and the exceptions of the new chinese comic is on the German Market here as exceeded my expectations was without showing events or holidays because all the chinese e cause and the european markets. So fox are high end models sold them. See who dominates the or the market in the future. Depends on whos the 1st of us, say affordable products for the massive savvy and the chinese oems and makers are also well prepared for that to, to, to, after all your, theyre all already many small electric cars on the road in china. Well say that again to the future of mobility is exciting. China in germany, it will certainly play an Important Role for some time to come. And i dont think its the last time ill drive through munich and a chinese car. The cars, cars are big level phenomena with millions of unique stories that could be in a german coffin. We need you guys wherever you are. However, up here, right . But the question is now, where should we go . Right to wherever you are, incentives your stories and your crazy car into vs. Lets catch up soon. On the attack killer, race cars. One of the specials, gleaming classics, the national autumn, easy and detailed child north of frankfurt, exhibits of 150. 00 choice vehicles. The auto center i left the car, theyre all authentic, technically all in Good Condition and all generally roadworthy right now. Of course, they are in the museum, so visitors can view them all, but we maintain them and keep them all and running. Addition to completing the little m. W i live at the front of applied executives, rector, slogan, or beach, has plenty of Specialized Knowledge and stories to tell about each car this ferrari f 12000. 00 is legendary. Its what Michael Schumacher drove to his 3rd formula. One championship title in 2000. Yeah, formula is as naturally fee of course formula 1. 00 of the highest class of auto racing and the ferrari name and Michael Schumacher the all time. Greatest racing driver have a very special place, and ive seen that on file outside. Whats brought together here is quite exceptional from those companies on the museums, also known as the low collection, the one time private collection of multi billionaire speed, him low. For 35 years, he tracked down some very special wheels. And exceptional rarity is this benz victoria from 1896. 1 of the oldest vehicles on display here and with all original parts of the same kind so far that so often no accident that cars like the victoria and Michael Schumacher, his World Championship racer are standing here rather than just any old car or just any formula one race or, and mark it was low as a level of detail that made in the museum what is today was him here to them to my mothers hodges. A glance at the museums own app is all it takes to get a good overview of the vehicles on display. Its one automotive dream. After another 2 seconds. It really is a dream im comb, coverage you can do for me to just trust me. I told them pension me back there is a bu godaddy. This 2005 my back seller wrote, is the only one ever built. Instead of record of 351 kilometers per hour, though its not the fastest street legal machine in the museum. Yeah, met him who got to available. So 1st quote here we have the book got evey, ron supersport wonderful. Me 48 ever build. And in 2012, this car was the fastest on earth, the smell it made again as World Records with a top to meet of 431 kilometers per hour, advisors time. Huh. And theres a special exhibit in honor of the legendary 24 hours of lemme with 21. 00 race cars chronicling the endurance events history. Every machine stands for a milestone in technological development. Gets type ones, im was the art museum, may be exhibiting internal Combustion Technology for the most part. But as a museum, were not closing ourselves off to electric vehicles in the kidneys. The National Auto museum has opened one of your largest private car collections to the public and invited everybody on a journey back through the history of the automobile. The. You know, the 3 letters c, o, e can add 100000 to the cost of a car, the welcome to singapore, home, to the most expensive cars and 2nd hand cars in the world. The Mercedes Benz is one of the most popular secondhand cost. As you can see, the 6 year old call is over a 100000. 00. This can buy to new cost in germany. Raves julie and chad went on a journey through her approximately 730 square kilometer home country to try and uncover why cars cost so much and single board. So what is the c o we or the certificate of entitlements before you can buy a new car and singapore, you need to have a highly coveted permit that allows you to own and drive the car for 10 years. In order to register your car, you need to have the license, which is called a c o e certificate of and tied them in before you can register cost and put it on the route. Since single floor is a 0 gross market, with only around 600000 private cause allowed on the road at any point in time, theyre only around 600000 c always in existence. New c, a we use can only be issued once older, cars or de registered, taken off the road and scratch. When this happens, a bidding process gets underway, and these fido certificates go one to the hammer. And since theres a limited supply, they arent cheap. In todays market that youll be positive so high, right, right, cool. S fall off on the peach, you know small car you had to pay 100. And 1000. 00 is just for the certificate of entitlement directors that youll call. And besides this, you have to pay the tax a r f, a just the custom new fee. Everything will add up. When you buy a new car and single pull, you dont just pay for the car itself. You pay for the car and the certificate of entitlements. And when you buy a used car, the cost of the seo is built into the price tag of the car. But how expensive the 2nd hand car will be depends on its condition. And how many years are left on the existing seo . We definitely nice to entry a bmw. Oh, i bought it and 2nd hand. So it was about 114000. 00 cars. Cost in chapel is very expensive. This with all adults, but i myself, uh, i am a fan of costs, so i like costs a lot. So despite the price, i would try my best to be able to afford the condo one, do understand why the see a we exist. We need to head back to the ninetys when singapore 1st experienced in economic pool. As a number of people who could afford cars, increase measures were needed to ensure the number of cars and the tiny country didnt result in endless traffic chance. Road taxes the little t