maybe officers are kind in friendly. this trip is worth it. ha, it's comfortable and relaxing. and like riding a motorcycle, which can be tiring and costly. it's free and we can just sit back and relax. i'm doran and ogden, a dick from the hut that many in indonesia expect from each other. almost all of the public transport is backed. with the more than 100000000 people put a defeat, we travel home for eat philip mission. and that's it for me. katie ferguson is up next with the business. ah ah, time for a brain update. because this orchestra called the brain continuously adapts itself. and so we ask

a few astute questions. we smarter swarms. are you a psychopath? wouldn't causes monster waves. how powerful are your thoughts? so we can control our thoughts, which makes us very powerful questions about life of the universe and the rest our series. 40 to the answer, almost every thing this week, on the w o . o. x, celebrating towards an electric future will take you to the shanghai auto. so why the world's biggest brands are vying to showcase their electric pro s. as china leads the way we ask our german car makers stuck in the flow lane.

also coming up, india buys up huge quantities of cheap russian oil, a free trade deal between the 2 countries. the edges closer are correspondent in delhi. how's the latest news? this is the w business. i'm katie ferguson. thanks for joining me. the song high order show has kicked off on electric vehicles that are grabbing the spotlight. following years of state investment, china is leading the way in electric mobility with domestic brands, pacing competitors, including german bam. off like folks b, m, w, or reports or pub in touch. my is there he sense of this report? this whole showing off electric cars is crowded with visitors. the majority of cars sold in shanghai are now electric, and that's reflected in the city's motor show. we have the author, shanghai, we're both traditional comment, picturesque as well as new brands are presenting their latest models to the public . most of them being electric cars that are in china already by far,

the largest in the world. and it is transforming the whole kind of through here, chinese domestic companies and out selling the international rival. for years, the chinese government has been investing billions of dollars to help its domestic industry grow. the biggest winner so far has been a change in bass b y d, a former battery producer, turned car maker with competitive pricing due to an integrated supply chain. it's cars are now the 1st choice for chinese customers. and their flashy design helps to the china's car design has experienced very big progress in the past 10 years. now, chinese brains own power with foreign brands. in the 1st quarter of 2023, b y, d even over took previous market leader folks and which held the pole position for roughly 3 decades in china. and while the germans are still making profits selling combustion engine cars, they merely hold a 2.7 percent market share in the booming

e v segment. to catch up p w. s. now, once again, promising to double down on the chinese market, it's spending a 1000000000 euros on a new innovation center there of it. now it's all about increasing the speed of the cost and for tainment system and improve the user experience. you can only do that in china for china. you can no longer develop that in europe and bring it here. it doesn't work. the competition that faces is fears. one of the w's main rivals is neo founded less than 10 years ago. the shanghai based company is presenting itself as a hip start up attracting customers with an active user community and comprehensive service. that's a concept with which neo, now wants to enter the european market to, despite the geo political tensions between china and the west. the think i wasn't as for the international political situation, this is what companies need to face,

woman, but from our point of view, we will pay attention to this matter. but we do not worry too much about it. all right. we decided that we will focus on our own products and services, and of course we will abide by every countries policies for you. but for all its successors, neo like most chinese evie makers has yet to achieve profitability. now china success an electric mobility does of course have a lot to do with the availability of state subsidies over in the united states. president biden is also keen to promote greener mobility, his $430000000000.00 inflation reduction act includes generous subsidies for companies that produce electric vehicles and batteries on us file. here's our washington correspondent carolyn at tin. i describing how much of a lower the policy is propose proving for international companies. this is why more

and more car producers are considering shifting their protection and or their assembly procedure to the united states. like for example, kia from south korea or it's still antiques from the netherlands, but also adi with volkswagen might consider relocation from their protection plans to the united states to benefit from i r a policies. so foreign companies are certainly sewing big interest in those subsidies. but how easy is it to access them? well, 1st of all, they have to fulfill 2 big criteria. the final assembly of cars must take place in north america. at least 50 percent of the battery components must be made there too . now when it comes to german car maker as b, m, w, mercedes and forks, fog, all ready have production fights in the us. but b and w batteries don't meet the requirements and mercedes is cars are too expensive to be eligible for tax credits. folks, baggins electric,

s u v. the id for which is manufactured in chattanooga. it does qualify. now let's talk more about the state of the race towards electric mobility with auto industry analyst payoff, finda k to us lovely to have you. there you are. thank you very much for having me. take the i've heard the iceland being made that the like the fog fog b m w and mercedes are resting on their laurels a little bit because they're still making a whole lot of money out of the combustion engine. is a substance lack criticism. oh right. no, no, no, just that generally speaking of the automotive industry are they were usually successful over the past 100 years miss the internal combustion engine right. and this success and now turns a little bit into a curse because you have that you do, you could, you tend to continue to do the stuff you are great. and now as the internal combustion engine has ruled the, the 3rd, the world for a century. now something newer, something better, way more efficient is coming up,

and also we should not than the auto industry has, knows this and under has understood this. but we also should see, are there the challenges that additional auto industry has in going all electric? because it requires a lot of investment and unlike a new start ups, right, where, who berg grant at the grace period trying to be profitable or the traditional auto industry, they need to continue deliver great profits and results. and for them, it is a little bit like fixing a car while it is speeding on the highway. that's an excellent analogy. and they to another big issue is of course, the access to raw materials and in this area, chinese car makers really have the advantage don't they? i think it deserves a little bit of the alpha alpha balanced few. and that if they look on to electric motors, for example, you have heard about rare earth, right? where china has a dominant position in the bold market. that is just one part of the story. but the,

you can navigate the round them by choosing specific construction methods for an electric motor. if you look at battery than one content, well this is a chinese plate because the largest, the largest suppliers are chinese. but if you look at the venue chain for batteries, that picture is a little bit differentiated because the raw materials, while they are coming from countries like australia, canada jelly and so on, right? but what china has is a large part of the refinery of the production chain. and this is for a, c, or c, a position. what are the countries america, usaa the continents need to need to manage and the need to need to put on the plan? how to deal with this situation. all right, peter vinto, thank you very much. russia and india are in advance, talks to sign a free trade deal as commercial dealings flor following russia's war and ukraine. india's imports from russia almost quadruple to $46000000000.00 over the last year,

due largely to a big jump in oil purchases. according to the reuters news agency, the deal would enable russia to import more than $500.00 products from india, including cars, aircraft, and train all key to maintaining rushes war efforts. boosting trade with asian countries like india and china is a key part of math skills, trashy to cushion the blow of western sanctions to find out more by this. let's bring in detail the corresponding child cart k in delhi, charo is this all just to buy cheaper oil when it is definitely the biggest piece of that picture. but then the thing is, what the thing is that talks for a free trade agreement had been going on between india and not just russia, but the u. region. economic union for a long time. in fact, what i'm saying is that these talks had been going on since before the ukraine was even before the pandemic. and these talks were sort of interrupted by the pen demik . and so what he said is that it would light,

these talks will be resumed. now both countries had a bilateral trade target of about $30000000000.00 by 2025. and what they are saying is that they have met this target and exceeded this target rather much before time . but what it has resulted in is a trade imbalance, which is not any deals favor and india would want that to be correct. so that's what the concern is at this point time. kate. ok, so this has been a long time in the making, but we all talked recently about how india wants to wrap. i'm sorry, ramp of its military exports. is it? i'm russia up as a marcus. well, of course, there's a long list of products that india is interested in talking about for a spot is increasing, it's exposed to russia is concerned defense really doesn't figure on, on the top of that list. i mean, what in the us, foreign minister said is that there are various products and services that russia would be looking at. these include automobiles and spare parts electronic goods, medical devices, or even solar photovoltaic models, textiles,

food and agricultural products. so these are the kind of products or all the areas where india would want in the russian cooperation to, to, to expand and india to benefit and the trade in balance to be corrected. kate. now the timing of this is quite interesting to india is also talking to the u. k. about a free trade agreement. it's decision to cozy up to moscow will not go down well in london. does india care well, get, i mean it's definitely, it's a tricky matter for india, but, you know, we've seen into, has been doing this tightrope walk ever since the ukraine war began the western countries including the u. k. we know they've not been happy within the us dance and all these countries, including the u. k, they have conveyed on several occasions that they are not happy. but then it appears to be pretty confident in the it's assumption that given the fact that none of the western countries have not sort of penalized in the are not taking any

extreme action against india. so perhaps, is confident that when it goes on intensifying its straight relationship with russia, its relationship with the western countries will also not be jeopardized because they probably understand the various forces at play and, and that could be behind the timing of this move kate o rice tara kart k in delhi. thank you very much. and a reminder of our top story to shang i also show has kicked off on its electric vehicles that are grabbing the spotlight. following years of state investment, china is leading the way in electric mobility with domestic brands, i pacing competitors, including germany's oxide and b, m, w. and that wraps up our show for more. you can always log on to t, w dot com slash business rules on the www youtube channel to check us out there from the on the entire business team here in berlin. it's the vine.

ah prices in the financing system. bank failures and rising interest rates are affecting berlin salt as well. what do you young entrepreneurs in germany start up capital? think? what might the future hold? all the golden years over made in germany w is our waste getting flush all the way to the arctic circle. and that's exactly the question of filmmaker from dresden. it wants to build loading tracking devices and releases them into the over river. where will

the current take the chronicle of an experiment? the north drift in 45 minutes on d w. lou, what people have to say matters to us, or that's why we listen to their stories. reporter every weekend on d. w. a . no, no more nuclear. that's what germany decided in april 2023 when.