![]() ![]() ![]() NIO also launched the ET5 Touring this summer, its first electric station wagon. The SEAL EV starts at 45,000 euros (roughly $48,000) with up to 570 km (354 mi) range. Michael Shu, managing director of BYD Europe, speaks at the IAA (Source: BYD)īYD presented six models, including the SEAL electric sedan and SEAL U, designed specifically for European customers. Chinese EV makers doubled their presence compared to 2021, with leaders like BYD and MG revealing new models. The expansion was clear at this year’s IAA Mobility show in Munich. Established automakers like SAIC (through MG), BYD, and Geely are quickly expanding, while startups like NIO, XPeng, and others are already rolling out new EVs tailored to the region. “These startups, with no heritage, they can do things completely different,” Mauer explained in an interview with Bloomberg.Ĭhinese EVs are making their presence known in Europe as they expand out of the world’s largest EV market. After nearly 20 years of dominating the industry with iconic designs like the 911 and Cayenne, Maurer says new rivals are forcing automakers to get bold. The luxury sports car maker is facing a new type of competition. ![]()
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