Several major European carmakers launched low-cost electric vehicles at the Paris Motor Show this week to reignite demand and compete with Chinese brands. Renault introduced its Twingo E-Tech electric prototype, small SUV R4, and Dacia Spring as affordable EVs priced around $20,000. Stellantis launched the Citroen C4 series as part of its energy transition strategy. With Chinese-made EVs costing significantly less, European manufacturers focus on price-competitive offerings to meet emissions targets and attract mass-market buyers.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Several major European carmakers launched low-cost electric vehicles at the Paris Motor
00:07Show this week to reignite demand and compete with Chinese brands.
00:11Renault introduced its Twingo e-tech electric prototype and small SUV R4, and Dacia Spring
00:17as affordable EVs priced around $20,000.
00:20Stellantis launched the Citroën C4 series as part of its energy transition strategy.
00:26With Chinese-made EVs costing significantly less, European manufacturers are focusing
00:30on price-competitive offerings to meet emissions targets and attract mass market buyers.
00:35For all things money, visit Benzinga.com slash GSTV.