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Chinese EVs stand out at Paris Motor Show amid increasing competition

2024-10-21 18:47   Xinhua

  A woman visits the pavilion of Chinese carmaker FAW-Hongqi at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. (Xinhua/Gao Jing)

  COOPERATION OVER COMPETITION

  Despite geopolitical risks, many automakers emphasized the importance of cross-border collaboration in an increasingly competitive market. The Paris Motor Show provided a platform for industry players to exchange ideas and explore partnerships.

  In recent years, cooperation between Chinese and Western companies has expanded. Tesla's Shanghai Gigafactory has become a global production hub, while Renault's Dacia Spring, developed in China, is a top seller in Europe.

  At the motor show, Leapmotor, in collaboration with Stellantis, unveiled the B10-a compact electric SUV that will be produced in Poland for European consumers.

  Carlos Tavares, CEO of Stellantis, said that the global automotive industry stands to gain from the collaboration, highlighting the significant demand for affordable, high-quality EVs and how their partnership would help meet this need.

  Leapmotor International CEO Xin Tianshu noted that such collaboration leverages each company's strengths. “Leapmotor brings technology and cost advantages, while Stellantis offers global sales and manufacturing capacity,“ he said.

  “The debut highlights Leapmotor's rapid growth in Europe, with over 200 dealers already established across 13 markets, aiming to reach 500 sales points by 2025,“ Leapmotor revealed.

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