Etiqueta: Jaecoo

China dominated the Munich Auto Show, but the locals could take some comfort from the debuts of BMW’s next-generation Neue Klasse technology, and a new Mercedes.

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

New Chinese mid-size electric SUV goes on sale with prices starting at £30,850

BYD, Chery Auto and Great Wall Motor are keen to leverage low prices to get sales where others have struggled because of trade disputes in Europe and 100% tariffs in the US

Europe's new car market saw a 2.5% year-on-year increase in registrations in May 2025, with a total of 1,107,517 new vehicles registered across 28 European markets.