For decades, the phrase “Made in Germany” signaled cutting-edge automotive technology and design. But now German automakers are falling behind in the global race to produce more electric vehicles, and some executives are using a new catchphrase to describe how quickly they need to catch up: “China speed.”The term reflects the rapid transformation of the Chinese car industry into a battery-powered juggernaut. And that speed was on display Monday at I.A.A. Mobility, a massive auto show in Munich, with newcomers from China stealing the show.BYD, an all-electric Chinese carmaker that overtook Volkswagen as China’s best-selling brand this year, unveiled a sleek, new sedan and a sport utility vehicle to applause from a packed crowd.“I think the Europeans a …
