-
Rockets thrash Lakers, Wembanyama triumphant on Spurs return
-
ECB set to hold rates steady with eye on Iran crisis
-
Team-first Kane propelling Bayern to glory as PSG showdown looms
-
Pogacar vows to keep going until Seixas 'destroys' him
-
From Adele to Raye, the UK school nurturing future stars
-
Final talks begin on missing piece for pandemic treaty
-
Oil rises, stocks swing as peace talk hopes wobble
-
'Heartbroken' Xavi Simons out of World Cup and Spurs relegation fight
-
North Korea's Kim reaffirms support for Russia's 'sacred' Ukraine war
-
Spurs win in Wembanyama return to take 3-1 lead over Trail Blazers
-
As some hijabs come off in Iran, restrictions still in place
-
Orangutan uses Indonesia canopy bridge in 'world first': NGO
-
Dealing with the dead in the ruins of Sudan's war
-
North Korea strengthens nuclear push as US flails in Middle East
-
Stage set for Elon Musk's court battle with OpenAI
-
Caught between wars, US Afghan allies trapped in Qatar without safe exit
-
British royals begin four-day US visit despite shooting
-
Suspect in shooting at Trump press dinner to appear in court
-
Fitzpatrick brothers capture PGA Tour's Zurich Classic pairs crown
-
Spurs win in Wembanyama return to take 3-1 lead on Trail Blazers
-
Toulouse fall to first home defeat for a year
-
Global military spending surges on insecurity: report
-
Marseille see Champions League chance slip further away
-
Nelly Korda wins LPGA Chevron Championship
-
Syrian court begins proceedings against Assad and allies
-
Colombia road bombing death toll rises to 20
-
Raptors top Cavs to pull level in NBA playoff series
-
Iran minister heads to Russia as talks remain stalled
-
Rinku stars as Kolkata edge Lucknow in Super Over
-
T'Wolves Edwards to miss several weeks - report
-
Michael Jackson biopic debuts atop N. America box office
-
King Charles state visit to US to go on as planned after shooting
-
Inter pegged back by Torino as Serie A title charge hits bump in road
-
Mali junta in crisis after minister killed, key city 'captured'
-
Dortmund down Freiburg to seal Champions League spot
-
McFarlane hails Chelsea 'character' after FA Cup semi-final win
-
Gunman sought to kill Trump, cabinet at gala dinner
-
Arsenal punish Lyon errors in Champions League semi
-
Suspect in US press gala shooting - what we know
-
Key US senator lifts block on Fed chair nominee
-
Attacks in Mali: What we know
-
Vollering wins women's Lige-Bastogne-Liege for 3rd time
-
Sinner motors on in Madrid as Gauff overcomes stomach bug
-
Fernandez sends Chelsea into FA Cup final to lift gloom after Rosenior sacking
-
Colombia road bombing death toll rises to 19
-
Stuttgart stumble against Bremen in top-four race
-
Two former Israel PMs unite to challenge Netanyahu in elections
-
Trump says shooting proves need for his White House ballroom
-
Pogacar cracks teen Seixas to win 4th Liege-Bastogne-Liege
-
Iran minister returns to Pakistan despite US talks cancellation
Germany's VW, China's BYD face off at Munich auto show
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.
Volkswagen unveiled four small EV models from its namesake VW brand, as well as its Cupra and Skoda marques.
With starting prices of around 25,000 euros ($29,000), lower than many current EVs made by European manufacturers, their commercial launch is set for next year.
But at a press event at the IAA Mobility show, which runs the whole of this week, CEO Oliver Blume conceded that VW faced a tough fight.
"The automotive industry, and especially the Volkswagen group, has never faced so many headwinds at the same time," he said.
And he conceded that the situation in China, where VW has lost market share to local rivals, was highly competitive.
BYD "without a doubt is doing a great job there," he said.
- Resistance to EU ban -
BYD meanwhile announced that its Dolphin Surf electric compact car, already on sale in Europe since May for around 20,000 euros, will be produced from the end of 2025 in its new Hungarian factory.
"We are almost ready to build our cars in Europe, for Europe," said the manufacturer's executive vice president Stella Li.
Building its cars in Hungary, an European Union country, should help the Chinese manufacturer avoid hefty EU tariffs the bloc has slapped on Chinese-made EVs over what Brussels says are unfair state subsidies.
Germany's top automakers have all suffered in recent times due to weak demand and fierce competition in key market China, where BYD and others have eroded their sales.
They have struggled with the shift to EVs as demand has proven weaker in Europe than many had anticipated and prices remain too high for many motorists.
Calls have meanwhile been growing for the EU to review a plan to end sales of new combustion engine vehicles by 2035 as part of efforts to tackle climate change.
Stellantis, whose brands include Jeep and Fiat, as well as BMW and Mercedes have all expressed scepticism or outright opposition to the plan.
Volkswagen's Blume added his voice to the criticism on Monday, saying that it was "unrealistic" to aim for "100% electric mobility" in a decade.
"We need reality checks every year," he said.
H.Thompson--AT