PARIS — Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses.
The biennial show has long been a major industry showcase, tracing its history to 1898.Chinese manufacturers are attending in force, despite European Union threats to punitively tax imports of their electric vehicles in a brewing trade war with Beijing. Long-established European manufacturers are fighting back with new efforts to win consumers who have balked at high-priced EVs.Here's a look at the show's opening day on Monday.
XPeng's president, Brian Gu, said the EU's threatened import duties could complicate the company's expansion plans if Brussels and Beijing don't find an amicable solution to their trade dispute before an end-of-October deadline.Brussels says subsidies help Chinese companies to unfairly undercut EU industry prices, with Chinese-built electric cars jumping from 3.9% of the EV market in 2020 to 25% by September 2023.'The tariff will put a lot of pressure on our business model.
Motor Show Opens During Brewing EV Trade War Between The EU And China
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