German auto suppliers struggle as Chinese EV makers like Tesla-beating BYD rise: ‘Who is the winner and who is the loser is changing’

News Snapshot:

China’s BYD, which recently passed Tesla in global sales of electric vehicles, is exporting its cars around the world, from Indonesia to Mexico to England. As it and other Chinese EV makers expand, a once-comfortable sector of the automotive world is feeling increasingly on edge: German auto suppliers. For decades, German suppliers like Schaeffler, Continental, and ZF Friedrichshafen confidently thrived alongside the nation’s automotive powerhouses, including Volkswagen, BMW, and Mercedes-Benz. But the transition to electric vehicles suggests they can no longer rely on their old advantages. “Who is the winner and who is the loser is changing,” Christian Kames, co-head...