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Chinese EVs stand out at Paris Motor Show amid increasing competition

2024-10-21 18:47   Xinhua

  Several major European carmakers unveiled low-cost EVs, which analysts say is a response to the cost competitiveness posed by Chinese competitors. French carmaker Renault presented its Twingo E-Tech electric prototype, set to debut in 2026 at a price below 20,000 euros (21,748 U.S. dollars).

  Renault also showcased its R4 and R5 electric models, while its Dacia brand promoted the Spring model, price said to be under 20,000 euros (21,748 dollars). BMW introduced budget-friendly MINI models, including a Chinese-made version, alongside premium options like the 5-door Aceman.

  Data from research firm JATO show the average retail price of a battery EV in China was around 31,000 euros (33,710 dollars) in the first half of 2023, compared to 66,000 euros (71,770 dollars) in Europe and 68,000 euros (73,945 dollars) in the United States.

  While European manufacturers work to lower prices, Chinese EV makers are attracting attention with their cutting-edge technology, high-quality vehicles and luxurious interiors offered at more competitive prices. A standout moment at the show was the AITO 9 model, which completed a 15,000-kilometer journey from Chongqing to Paris over 38 days, crossing 12 countries.

  Maxime, a 15-year-old French attendee, marveled at the vehicle's design and high-end entertainment systems. “The car feels like a world of technology. I could sleep here all day,“ he said.

  At BYD's booth, another attendee called Vanessa was particularly impressed by the luxury Yangwang U8 SUV and the Sealion 7 model. She mentioned that she used to drive a Renault, but after seeing Chinese EVs, she said that Chinese EVs offer superior quality, advanced technology, and stylish interiors compared to European models in the same price range.

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