China-Europe rivalry heats up at Paris car show as EV tariffs loom

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China-Europe rivalry heats up at Paris car show as EV tariffs loom - Business Standard

Quick Summary:

It will stop poorer people from buying," Stella Li, executive vice president of Chinese EV giant BYD, told Reuters.

Stellantis' Tavares on Monday declined to rule out job cuts or offloading brands."We will need to make big efforts", he said, adding it was up to customers to decide which brands had a future.

Newer Chinese entrants like Dongfeng, Seres and FAW are also showing off new models as they seek overseas EV sales to offset a weak home market and a vicious price war there.