STORY: "The Neue Klasse was first unveiled by BMW five years ago, and that's the sort of typical speed it would take for cars to hit the market. So, four, five years would normally not be a problem. But BMW has now launched these models in China where the technology in them is already obsolete. We've talked to analysts who say had BMW launched these models in China two years ago they probably would have been okay. But a lot of the technology they're launching now is old for China. It's kind of like launching a Blackberry to an Apple market. They're just not fresh and the Chinese are fresh and are constantly bringing new models to market with the latest technology. So, the Germans are too expensive and too slow and the models that they're bringing, in BMW's case, look like they're too old.""When it comes to China, it's hard to see how the Germans are going to come back. For a long time, Volkswagen was the top automaker in China, the German premium carmakers were able to charge high prices for their models, but the shifts to electric vehicles in China has proven to be a market killer for them and it's hard to see how they can repair their lost share, unless they find a way to compete with the Chinese on speed, price and technology.""China carmakers have dominated the world when it comes to developing flashy new electric cars and developing them at speed. Speed is what is killing legacy carmakers like Volkswagen and BMW in particular. The Chinese can develop new cars in 18 to 24 months, whereas it takes Volkswagen or BMW four to five years. So, the Chinese carmakers have newer and better cars on the market because the technology in them is fresher and this has seen Volkswagen fall from being the number one carmaker in China for many years. It was knocked into second place by BYD in 2024 and knocked into third place last year, and BMW as well has seen it's sales fall for the last two years and is looking at a third year of declines this year. Because again you've got new Chinese premium carmakers coming in with a newer, better product at a much lower price point and the Germans just can't compete on price."
Semiconductor stocks still have plenty of runway in front of them.
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