Auto giants launch a flurry of cheaper electric vehicles — taking the fight to China [CNBC]
RENAULT SA UNSP/ADR (RNLSY)
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Source: CNBC
jump-start a demand slump and recapture some of the market share held by Chinese brands. It is hoped that the biennial industry showcase can prove to be something of a turning point for Europe's auto industry. “It feels like Europe is fighting back,” said Julia Poliscanova, senior director for vehicles and e-mobility supply chains at the campaign group Transport & Environment. PARIS, France — Several of Europe's biggest carmakers unveiled low-cost electric vehicles (EVs) at the Paris Motor Show this week, seeking to jump-start a demand slump and recapture some of the market share now held by Chinese brands It is thought that the biennial industry showcase, which opened in Paris on Monday and runs through to Sunday, could prove to be a turning point for Europe's auto industry. “It feels like Europe is fighting back,” Julia Poliscanova, senior director for vehicles and e-mobility supply chains at the Transport & Environment campaign group, told CNBC at the Paris Motor Show.
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