• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

3

A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

3

A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
Finance
Europe

Brewing EV trade war between the EU and China takes center stage at Paris Motor Show

By
John Leicester
John Leicester
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
John Leicester
John Leicester
and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 15, 2024, 6:47 AM ET
Concept car Peugeot Inception at the Mondial de l Automobile at the Porte de Versailles exhibition center in Paris, on Oct. 14, 2024.
Concept car Peugeot Inception at the Mondial de l Automobile at the Porte de Versailles exhibition center in Paris, on Oct. 14, 2024. Stephane Mouchmouche—Hans Lucas/AFP/Getty Images
Add Fortune on Google for similar content.

Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses.

Recommended Video

The biennial show has long been a major industry showcase, tracing its history to 1898.

Chinese manufacturers are attending in force, despite European Union threats to punitively tax imports of their electric vehicles in a brewing trade war with Beijing. Long-established European manufacturers are fighting back with new efforts to win consumers who have balked at high-priced EVs.

Here’s a look at the show’s opening day on Monday.

More new models from China

Chinese EV startups Leapmotor and XPeng showcased models they said incorporate artificial intelligence technology.

Leapmotor, founded in 2015, unveiled a compact electric-powered SUV, the B10. It will be manufactured in Poland for European buyers, said Leapmotor’s head of product planning, Zhong Tianyue. Leapmotor didn’t announce a price for the B10 that will launch next year.

Leapmotor also said a smaller electric commuter car it showcased in Paris, the T03, will retail from a competitive 18,900 euros ($20,620). Those sold in France will be imported from China but assembled in Poland, Zhong said.

Leapmotor also announced a starting price of 36,400 euros ($39,700) in Europe for its larger family car, the C10.

Sales outside of China are through a joint venture with Stellantis, the world’s fourth largest carmaker. Leapmotor said European sales started in September.

XPeng braces for tariff hit

Attending the Paris show for the first time, the decade-old Chinese EV manufacturer XPeng unveiled a sleek sedan, the P7+.

CEO He Xiaopeng said XPeng aims to deliver in Europe from next year. Intended European prices for the P7+ weren’t given, but the CEO said they will start in China at 209,800 yuan, the equivalent of 27,100 euros, or $29,600.

XPeng’s president, Brian Gu, said the EU’s threatened import duties could complicate the company’s expansion plans if Brussels and Beijing don’t find an amicable solution to their trade dispute before an end-of-October deadline.

Brussels says subsidies help Chinese companies to unfairly undercut EU industry prices, with Chinese-built electric cars jumping from 3.9% of the EV market in 2020 to 25% by September 2023.

“The tariff will put a lot of pressure on our business model. It’s a direct hit on our margin, which is already not very high,” Gu said.

Vehicles for young teens

Manufacturers of small electric vehicles that can be driven in Europe without a license are finding a growing market among teens as young as 14 and their parents who, for safety reasons, prefer that they zip around on four wheels than on motorbikes.

Several manufacturers of the two-seaters are showcasing in Paris, including France’s Citroen. The starting price for its Ami, or “Friend,” is just under 8,000 euros ($8,720). Launched in France in 2020, the plastic-shelled vehicle is now also sold in other European markets and in Turkey, Morocco and South America.

“It’s not a car. It’s a mobility object,” said Citroen’s product chief for the Ami, Alain Le Gouguec.

European legislation allows teenagers without a full license to drive the Ami and similar buggies from age 14 after an eight-hour training course. They’re limited to a top speed of 45 kilometers per hour (28 mph).

The vehicles are also finding markets among adults who lost their license for driving infractions or who never got a full license, and outside cities in areas with poor transport.

Renault subsidiary Mobilize said that even in winter’s energy-sapping cold its two-seater, no-license, plastic-shelled Duo can go 100 kilometers (over 60 miles) between charges. A phone app acts as its door and ignition key.

Another French manufacturer, Ligier, sells its no-license two-seaters in both diesel and electric versions.

About the Authors
By John Leicester
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Rising tempo of combat in battle for Hormuz threatens market’s confidence that the worst is over on Iran. ‘There’s a lot of complacency’
InvestingIran
Rising tempo of combat in battle for Hormuz threatens market’s confidence that the worst is over on Iran. ‘There’s a lot of complacency’
By Jason MaJuly 12, 2026
5 hours ago
Trump embraces Australian retirement system backed by Larry Fink
Personal FinanceRetirement
Trump embraces Australian retirement system backed by Larry Fink
By Brianna Sosa and BloombergJuly 12, 2026
8 hours ago
Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
BankingRussia
Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
By Jason MaJuly 12, 2026
8 hours ago
The ‘facade’ of the U.S.-Iran ceasefire crumbles after largest round of fighting in months — ‘an undeclared naval war can escalate’
Middle EastIran
The ‘facade’ of the U.S.-Iran ceasefire crumbles after largest round of fighting in months — ‘an undeclared naval war can escalate’
By Jason MaJuly 12, 2026
10 hours ago
Hormuz route open despite Iran declaration, maritime group says
EnergyIran
Hormuz route open despite Iran declaration, maritime group says
By Sara Gharaibeh and The Associated PressJuly 12, 2026
13 hours ago
Trinidad and Tobago signs deals with U.S. companies for data centers, despite history of chronic water shortages and intermittent supply
AIData centers
Trinidad and Tobago signs deals with U.S. companies for data centers, despite history of chronic water shortages and intermittent supply
By Anselm Gibbs and The Associated PressJuly 12, 2026
13 hours ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
16 hours ago
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Middle East
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
By Jason MaJuly 11, 2026
1 day ago
A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
Personal Finance
A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
By Sydney LakeJuly 12, 2026
17 hours ago
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
Big Tech
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezJuly 12, 2026
16 hours ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
3 days ago
Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario
Energy
Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario
By Jordan BlumJuly 12, 2026
21 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our and Privacy Policy |  | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.