Etiqueta: Finland

MUNICH (Reuters) -Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales. At this week's IAA Mobility car show in Munich, China's auto firms - facing a tough price war at home - were increasingly bullish about their plans for Europe, dominated still by local brands such as Volkswagen and Renault. "Everything we do starts with the needs of European users," said GAC's president of international operations Wei Haigang as the Chinese automaker showed off the Aion V electric SUV that will start sales in Poland, Portugal and Finland this month, and the Aion UT set to go on sale in Europe next year.

Prominent global automakers showcased their latest models at the Munich car show, including new EVs and lower-cost vehicles. Here's what they said.

BMW said its iX3, the first model in its all-electric Neue Klasse series which was launched earlier in September, will be sold in Europe from March 2026 at a price of 68,900 euros ($80,700). Franco-Italian carmaker Stellantis will no longer exclusively produce EVs as part of its target through 2030, Jean-Philippe Imparato, head of enlarged Europe and European brands, said. The B05 will be delivered in Europe from the second quarter of 2026 after its launch in China later this year, and will come in six colours.

BYD plans to add retail outlets in several Finnish cities to create a nationwide sales and service network.

Beijing has stopped publishing hundreds of statistics related to real estate, finance, unemployment and even soy sauce production, making it harder to know what’s going on in the country.

BYD is considering setting up its third European car assembly plant in Germany as it looks to build brand awareness among European customers as a local manufacturer, according to Reuters.

Chinese electric vehicle maker XPeng said on Monday it has partnered with Swedish dealership chain Hedin Automotive to expand its sales network in Germany.