Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses.
The biennial show has long been a major industry showcase, tracing its history to 1898.
Chinese manufacturers are attending in force, despite European Union threats to punitively tax imports of their electric vehicles (EVs) in a brewing trade war with Beijing. Long-established European manufacturers are fighting back with new efforts to win consumers who have balked at high-priced EVs.
Photo: Yoan Valat, EPA-EFE
More new models from China
Chinese EV start-ups Leapmotor Technologies Ltd (零跑) and XPeng Inc (小鵬) showcased models they said incorporate artificial intelligence (AI) technology.
Leapmotor, founded in 2015, unveiled a compact electric-powered SUV, the B10. It will be manufactured in Poland for European buyers, Leapmotor product planning head Zhong Tianyue (鍾天樂) said. Leapmotor didn't announce a price for the B10 that will launch next year.
Leapmotor also said a smaller electric commuter car it showcased in Paris, the T03, will retail from a competitive 18,900 euros (US$20,620). Those sold in France will be imported from China but assembled in Poland, Zhong said.
Leapmotor also announced a starting price of 36,400 euros (US$39,700) in Europe for its larger family car, the C10.
Sales outside of China are through a joint venture with Stellantis NV, the world’s fourth-largest carmaker. Leapmotor said European sales started last month.
XPeng braces for tariff hit
Attending the Paris show for the first time, the decade-old Chinese EV manufacturer XPeng unveiled a sleek sedan, the P7+.
CEO He Xiaopeng (何小鵬) said XPeng aims to deliver in Europe from next year. Intended European prices for the P7+ weren't given, but He said they will start in China at 209,800 yuan, the equivalent of 27,100 euros, or US$29,600.
XPeng president Brian Gu (顧宏地) said the EU's threatened import duties could complicate the company's expansion plans if Brussels and Beijing don't find an amicable solution to their trade dispute before an end-of-October deadline.
Brussels says subsidies help Chinese companies to unfairly undercut EU industry prices, with Chinese-built electric cars jumping from 3.9 percent of the EV market in 2020 to 25 percent by September last year.
“The tariff will put a lot of pressure on our business model. It's a direct hit on our margin, which is already not very high," Gu said.
Vehicles for young teens
Manufacturers of small EVs that can be driven in Europe without a license are finding a growing market among teens as young as 14 and their parents who, for safety reasons, prefer that they zip around on four wheels than on motorbikes.
Several manufacturers of the two-seaters are showcasing in Paris, including France's Citroen. The starting price for its Ami, or “Friend,” is just under 8,000 euros (US$8,720). Launched in France in 2020, the plastic-shelled vehicle is now also sold in other European markets and in Turkey, Morocco and South America.
“It's not a car. It's a mobility object,” Citroen product chief Alain Le Gouguec said.
European legislation allows teenagers without a full license to drive the Ami and similar buggies from age 14 after an eight-hour training course. They're limited to a top speed of 45 kilometers per hour (28 mph).
The vehicles are also finding markets among adults who lost their license for driving infractions or who never got a full license, and outside cities in areas with poor transport.
Renault subsidiary Mobilize said that even in winter's energy-sapping cold its two-seater, no-license, plastic-shelled Duo can go 100 kilometers (over 60 miles) between charges. A phone app acts as its door and ignition key.
Another French manufacturer, Ligier, sells its no-license two-seaters in both diesel and electric versions.
KEEPING UP: The acquisition of a cleanroom in Taiwan would enable Micron to increase production in a market where demand continues to outpace supply, a Micron official said Micron Technology Inc has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion to expand its production of memory chips. Micron would take control of the P5 site in Miaoli County’s Tongluo Township (銅鑼) and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. The acquisition includes an existing 12 inch fab cleanroom of 27,871m2 and would further position Micron to address growing global demand for memory solutions, the company said. Micron expects the transaction to
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before
RSS