Renault to Resume Marketing Drive for EV IPO: Munich Update

Sept. 4, 2023, 3:27 PM UTC

Europe’s automakers are showing off their latest battery-powered vehicles at the IAA Mobility car show this week as they try to challenge Tesla Inc. and fend off growing competition from China.

The number of Chinese companies at this year’s IAA has more than doubled compared to just two years ago, as manufacturers like BYD Co. and Xpeng Inc. are pushing into Europe to escape a fierce price war anddecelerating economy.

Bloomberg News is speaking with executives from Volkswagen AG, Mercedes-Benz Group AG, BMW AG, Renault SA and several of their Chinese rivals, as well as suppliers Robert Bosch ...

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