Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
CNBC 2023-09-04 23:11:43 • 5 mins
Key Points
- The IAA in Munich, Germany is one of Europe's most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent.
- Companies from BYD to Leapmotor launched electric vehicles for international markets while Xpeng announced plans to expand into Germany.
- Many of the European carmakers have been seen as lagging behind in their push into EVs at a time when Chinese players having been launching dozens of new vehicles.
In this article
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BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479).
Arjun Kharpal | CNBC
Munich, GERMANY The IAA in Munich, Germany is one of Europe's most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent and challenge incumbents from BMW to Ford in the new era of battery-powered vehicles.
