Business · Trade · 1 hr ago
Macron puts European car industry at the centre of Paris auto show
The Paris auto show is opening with European carmakers facing strong competition from Chinese brands.
President Emmanuel Macron is set to open the show and promote electric vehicles, European industry and innovation, including self-driving cars.
He also met about 60 people from the European car industry at the Élysée Palace, without Chinese carmakers.
Chinese brands now account for 10% of vehicle sales in Europe and more than a third of the show’s 60 exhibitors.
The European car industry is still below its pre-Covid sales level and faces pressure from environmental rules as well as competition.
France’s electric vehicle market share rose from 1% in 2017 to 40% in September, according to the Élysée.
China has agreed to significantly limit its exports of hybrid cars to the European Union, while Macron is due to visit carmaker stands and lead a discussion on self-driving vehicles.
The 91st Paris Motor Show opens on Monday, with Emmanuel Macron set to inaugurate it as European carmakers face growing competition from Chinese brands.
Macron plans to focus on vehicle electrification, European preference and innovation, including autonomous vehicles.
He met about 60 European automotive industry figures at a dinner at the Élysée on Sunday; Chinese manufacturers were absent.
Chinese brands account for 10% of vehicle sales in Europe and more than a third of the show’s 60 exhibitors.
In France, electric vehicles’ market share rose from 1% in 2017 to 40% in September.
- Who
- French President Emmanuel Macron and European automotive industry figures.
- What
- Macron is inaugurating the Paris Motor Show and putting emphasis on electrification, European preference and innovation.
- When
- The show opens Monday; Macron held a dinner with industry figures on Sunday evening.
- Where
- Paris, including the Élysée Palace and the Paris Motor Show.
- Why
- European carmakers face growing competition from Chinese brands, and the industry has not recovered its pre-Covid sales level.
This story does not have two clearly opposing sides.
Our industrial model is facing a shock from outside that calls it into question and challenges us.
made in Europe
China agreed to significantly curb exports of hybrid cars to the European Union.
Macron hosted about 60 European automotive industry figures at a dinner at the Élysée.
The 91st Paris Motor Show opens and is to be inaugurated by Macron.
- Show edition
- 91st Paris Motor Show
- Industry dinner
- About 60 European automotive industry figures
- Chinese brands
- More than a third of the show’s 60 exhibitors
- Chinese vehicles
- 10% of vehicle sales in Europe
- Electric vehicles in France
- Market share rose from 1% in 2017 to 40% in September
Sources
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