Source: International Business Times
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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