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Germany's VW, China's BYD Face Off At Munich Auto Show

Germany
International Business Times Fews App News Provider
Fews App Post Time Hace 7h

Volkswagen CEO Oliver Blume at the IAA motor show in Munich AFP Europe's top car manufacturer Volkswagen presented a series of more affordable electric vehicles Monday as Chinese EV titan BYD said it would start producing a cut-price model on the continent. The duelling announcements at the closely-watched Munich auto show highlight the fierce battle shaping up between Europe's traditional automakers and fast-growing Chinese rivals. VW -- along with peers BMW and Mercedes-Benz from the long troubled German auto sector -- are seeking to make up lost ground in the race for electric dominance.

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