Published • loading... • Updated
Record Chinese turnout puts European carmakers under pressure at Paris show
- A record 20 Chinese car brands will attend next week's Paris Motor Show, doubling their 2024 presence and establishing themselves as competitive threats in Europe despite mounting trade barriers.
- Data from Schmidt Automotive Research show Chinese brands held a 10.7% share of the European market in the second quarter, up from 5.7% a year earlier, while capturing more than 26% of the Western European plug-in hybrid market.
- European carmakers face pressure from Chinese competition and weak demand, prompting Volkswagen and BMW to cut thousands of jobs. Gartner's Pedro Pacheco said, "The Europeans are playing a sort of double game."
- While the European Union considers tariffs on Chinese plug-in hybrids, Aito, owned by Chongqing-based Seres Group, plans to launch four premium electric SUVs and aims for 20% of total volumes within three years.
- Chinese automakers are turning to Europe because they are largely shut out of the US market. Brad Kunz, a partner at consultancy Grant Thornton Stax, said, "The Chinese are saying 'we've got to try and dominate Europe because we can't do anything in the US'.
Insights by Ground AI
Podcasts & Opinions
184 Articles
184 Articles
A record number of Chinese automakers are represented at the Paris Motor Show this year.
·Tallinn, Estonia
Read Full Article
The Paris Auto Show has shown its best side this year. With over sixty brands and many premieres, the show offers a fresh look at the automotive industry of the coming years, with fewer SUVs and more stunning concepts.
·Amsterdam, Netherlands (Kingdom of the)
Read Full Article
Paris Motor Show opens with record number of Chinese brands
The 91st Paris Motor Show opened in the French capital on Monday, with a record number of Chinese automakers taking part to showcase their latest models and technologies.The week-long event brings together over 100 exhibitors and more than 60 automakers.
·Beijing, China
Read Full ArticleCoverage Details
Total News Sources184
Leaning Left15Leaning Right23Center32Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 21%
C 46%
R 33%
Factuality
To view factuality data please Upgrade to Premium
