Shanghai Show Latest: EV Face-Off as Automakers Tout Features
WATCH: “We are looking at significant, significant growth this years of EVs in China and around the world,” says Mercedes-Benz CEO Ola Källenius.
Source: BloombergChina’s biggest auto show has returned after last year’s Covid-hiatus, with international carmakers showcasing their latest models and technology to counter the rise of domestic manufacturers like BYD Co., Nio Inc. and Xpeng Inc.
Volkswagen AG and Mercedes-Benz Group AG led the foreign charge — unveiling flagship electric vehicles before the show even officially kicked off Tuesday, while South Korea’s Hyundai Motor Co. said it will launch its new Elantra N and other cars in China soon. Not to be outdone, BYD launched an electric supercar and Li Auto Inc. outlined plans for an expanded lineup of 11 models by 2025.