FRANKFURT, Germany—Chinese manufacturers will be out in force at next week’s IAA auto show, one of the industry’s biggest, revving
their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race.
While suffocating supply chain problems have eased from the pandemic years, European auto giants are struggling to cope with increased energy costs in the wake of the Russian invasion of Ukraine last year. Local upstarts have captured an increasingly large part of the prized Chinese market and are threatening to dominate the growing trade in electric vehicles.
In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor which will hope to steal the spotlight from German giants Volkswagen, BMW and Mercedes-Benz.Opel will be US-European conglomerate Stellantis’s lone ambassador in Munich, while Renault is showcasing only its eponymous marque at the show.
As carmakers roll out their latest offerings, climate groups have vowed protests at the fair, including “civil disobedience” aimed at disrupting the IAA.This time around, some 1,500 people are expected at a camp in a suburban Munich park promoting a “revolution in mobility”. Manufacturers — particularly those at the high end of the market — have been able to benefit from rising prices to boost their margins.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
France calls for minimum price on European flightsPARIS, France– France's transport minister called Wednesday for a minimum price for plane flights in Europe to battle climate change.
Read more »
Rubiales crisis hangs over European soccer ahead of gala award ceremony in MonacoMONACO—The governing body of European soccer heads to its annual awards gala on Thursday in Monaco amid turmoil created by its vice president from Spain. Luis Rubiales won't be at the high-end ceremony in Monte Carlo where the awards for best player and coach will be made because he has been suspended by…
Read more »
Baidu AI bot gets Chinese regulatory OKBaidu becomes the first company to receive such approval from Chinese authorities after regulatory setbacks and is also set to launch a suite of new AI-native apps
Read more »
Malaysia rejects new Chinese map over South China Sea claimsKUALA LUMPUR, Malaysia - Kuala Lumpur rejected Wednesday a new Chinese map that claims waters off Malaysia's coast in the South China Sea, in the latest war of words between the Asian allies over Beijing's assertiveness in the waterway.
Read more »
Typhoon Saola sweeps towards southern Chinese megacitiesTYPHOON WARNING. A man (right) walks past sand bags placed to stop flooding by the waterfront at Tseung Kwan O
Read more »