-
Alcaraz withdraws from Cincinnati Masters with wrist injury
-
Kgatlana strikes as South Africa reach WAFCON quarter-finals
-
SpaceX revenue jumps 92% in first earnings report, but shares slide
-
Pakistan close on series-levelling win against West Indies
-
US eyes Hormuz deal 'today or tomorrow' as ship sinks in Red Sea
-
Paramount CEO says politics fueling Warner Bros. merger battle
-
SpaceX revenue jumps 92% in first earnings report
-
Trump's sale of access to Truth Social raises eyebrows
-
New commissioner Berg wants to take MLS to 'next level'
-
SpaceX rocket stage expected to slam into Moon
-
Colombian ex-guerrillas fear for future under hardline president
-
US hopeful Hormuz strait deal will be done 'today or tomorrow'
-
Tsitsipas comeback continues with Montreal first-round win
-
Michigan primary puts Democratic divide on the ballot
-
Swiatek fends off Bejlek to reach Toronto third round
-
South Africa captain Kolisi to make Test return in Argentina
-
Reusser romps to overall lead at Tour de France Femmes
-
Cuba's famed resilience comes at a growing mental cost
-
McDonald's reports slower US sales in 2nd quarter
-
Swiss Reusser wins Tour de France Femmes time-trial
-
Arsenal step up bid to sign Newcastle's Guimaraes: reports
-
Hundreds flee homes after Guatemala's Fuego volcano erupts
-
Gazans hold mass funeral for those killed during war
-
Thousands pay tribute to Italian football legend Baresi
-
WHO pleads for more support to tackle Ebola outbreak
-
Oil drops, stocks hit records on hopes of Hormuz opening
-
Oil drops, stocks gain on hopes of Hormuz opening
-
Renard returns as Ivory Coast coach
-
Infantino faces nervy times to see if challenger emerges
-
Italian garbagemen help recover lost 1 mln euro lottery ticket
-
Greece gains ground against blaze near Athens
-
EU nations patch things up after Ceuta migration discord
-
Oil turns lower, stocks gain on hopes of Hormuz opening
-
US hopeful Hormuz strait deal will be done 'today or tomorrow' after ship hit
-
World Bank warns developing countries to embrace AI or be left behind
-
Infantino's problems mount as Wenger and key FIFA ally turn on him
-
'No decision' on Mudryk future after Chelsea return: Alonso
-
Oil edges higher, stocks gain as investors eye political risks
-
China draws up safety rules for autonomous vehicles
-
Man Utd sign reported record £20mn sponsorship deal for training kit
-
Wenger says scrapping Infantino's World Cup plan was "absolutely necessary"
-
Stokes reveals England coaching ambition
-
Spain confronts EU migration hawks in tense Ceuta talks
-
Cargo ship hit after Trump insists Iran talks could reopen Hormuz today
-
Firefighters hope to contain blaze on Athens outskirts
-
BP profit soars as Mideast war roils energy prices
-
Heatwave divides rich and poor of upmarket Seoul
-
Most stock markets gain, while oil prices edge up after plunge
-
Drone strike on Moscow region kills 5
-
Most stock markets gain, while oil prices edge up after latest plunge
Electric vehicles are key battleground at Shanghai Auto Show
China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday who are racing to catch up with Chinese competitors in the crucial electric vehicle market.
EVs now make up one out of four car sales in China, the world's largest car market, and dozens of new models from domestic and Western brands were unveiled at the first auto show since the end of China's Covid restrictions.
Local brands command 81 percent of the EV market in China, according to analysts at Counterpoint Research, and industry titans such as BMW were at pains to emphasise the importance of doing business in China.
"China is the place to be," BMW executive Frank Weber told a news conference. "Munich is where we come from, but China is where we are at home."
He said almost 70 percent of BMW's newest operating system involved functions specific to the Chinese market, and that it had tripled its research and development there in the past three years.
"What moves Chinese customers today will move the world tomorrow," another BMW executive, CEO Oliver Zipse, told the audience as he showed off the i Vision Dee, a colour-changing electric sports sedan.
Volkswagen Group said in a news release its brands would present 20 electrified models, with the Volkswagen ID.7 and new Cayenne Porsche getting their world premieres.
"With its high level of innovation, China is an important pacesetter for the entire automotive industry," the release said.
"A strong position in China strengthens our global competitiveness."
Mercedes Benz announced it has fully electrified two classic models, the off-road G-class and its Maybach SUV.
Elon Musk's Tesla, the biggest seller of electric cars globally, is not attending and a representative did not say why it was a no-show when contacted by AFP.
- Domestic champions look West -
Opposite BMW in the exhibition hall, China's BYD unveiled a series of new electric models that included a supercar from its high-end Yangwang brand.
BYD is catching up on Tesla's primacy fast -- it almost tripled its sales to 900,000 cars last year -- and intends to develop further in Europe and North America.
It already has a foothold in the European market with a presence in Norway and other Chinese brands are also looking to expand west.
Zeekr, a premium electric brand owned by Geely, confirmed it would enter the European market.
"Europe for us is a very important region," Spiros Fotinos, its Europe CEO, told AFP. "It's a mature yet complicated market as we prepare ourselves for global expansion... that gives us a headstart in entering other regions as well."
This year is the first time most international executives have been at the Shanghai show, one of the industry's most important, since 2019.
"It's amazing to be back here," Fotinos said.
"You see the enthusiasm and the excitement and the sheer number of people who are here today. Clearly people have missed this opportunity."
G.Schulte--BTB