Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank.
Bernd von Jutrczenka | Picture Alliance | Getty ImagesGerman carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC.
"German car manufacturers are world leading, they do not have to fear Chinese competition," Lindner said.
Competition in the electric vehicle, or EV, market in China and Europe, as well as the U.S., has been heating up in recent months.
This came ahead of Scholz's visit to China earlier this month, during which he warned against unfair competitive and trade practices.
Persons:
Christian Lindner, Yellen, Bernd von Jutrczenka, CNBC's Karen Tso, Lindner, China's BYD, Tesla, Janet Yellen, Ursula von der, Wang Wentao, Olaf Scholz
Organizations:
Federal, of Finance, US, World Bank, Getty, German, CNBC, Washington , D.C, European Union . U.S, Treasury, European Commission, European Union, Commerce, EV, Reuters
Locations:
China, Washington ,, Europe, U.S, EVs, EU