Etiqueta: IAA Mobility

MUNICH (Reuters) -China's No. 1 automaker BYD will make its EVs for sale in Europe locally within three years, helping it avoid EU tariffs, while plug-in hybrids should dominate its European sales in the short term, a top executive said on Monday. "We are training ourselves to be more European in production," executive vice president, Stella Li, BYD's No. 2 executive, told Reuters at the IAA Mobility car show in Munich. The EU imposed tariffs on Chinese-made EVs last year because it believed China's automakers benefited from government subsidies.

BYD Co. is doubling down on Europe as it faces stiff competition and a bruising price war in China. The electric vehicle giant is adding new models, building

Europe's top car manufacturer Volkswagen on Monday presented a series of more affordable electric vehicles to take on fast-growing Chinese rivals as Germany's troubled auto sector seeks to turn around its fortunes.Their commercial launch is set for 2026, VW said in a statement, and is part of efforts to combat Chinese carmakers which are gaining market share in Europe with their own affordable EVs.  Volkswagen says it has made considerable cost savings on the cars by sharing technology across th

BMW and Mercedes are done watching Tesla play king. The two biggest luxury brands from Europe have just thrown down the gauntlet with all-electric SUVs meant

MUNICH (Reuters) -Major automakers showcased their latest models at the Munich car show on Monday, unveiling new EVs and lower-cost models as Europe's auto sector fights crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf. With many auto companies concerned over Europe's tough-to-meet carbon emissions targets for 2035, several firm said they would widen their production focus rather than restrict themselves to electric or other alternative-fuel vehicles. European automakers at the IAA Mobility show in Munich, running until Friday, also face sinking sales in China, the biggest single market for Volkswagen, BMW and Mercedes-Benz.

MUNICH (Reuters) -Major automakers will showcase their latest models at Munich's car show on Monday as Europe's automotive sector faces crises ranging from U.S. tariff hikes to costly electrification and the expansion of Chinese automakers on their home turf. Aside from a product blitz to counter Chinese models being pushed to European consumers, including by BYD, Changan and GAC, domestic firms will focus on lobbying to persuade the European Union to reconsider its 2035 ban on combustion-engine cars. Attention will also be on U.S. President Donald Trump's tariffs on European-made cars.

The current crisis affecting the European automotive industry is an acute threat to Europe’s economic future. Will a summit between the auto sector and Ursula von der Leyen on Friday provide a life-line?

MUNICH, Sept. 08, 2025 (GLOBE NEWSWIRE) -- “Europe is a vast landscape and each nation has its own specificities. The work we are doing in each...

MUNICH, Germany, Sept. 08, 2025 (GLOBE NEWSWIRE) -- BYD used the IAA Mobility 2025 show in Munich to present new models, confirm the development of...