Rectangular Steering Wheels, Floating Cars and Deluxe EVs Debut at Paris Auto Show

 A view of the logo of BYD during the launch of the BYD eMAX 7, an electric MPV by Chinese car and battery maker BYD, in New Delhi, India, October 8, 2024. (Reuters)
A view of the logo of BYD during the launch of the BYD eMAX 7, an electric MPV by Chinese car and battery maker BYD, in New Delhi, India, October 8, 2024. (Reuters)
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Rectangular Steering Wheels, Floating Cars and Deluxe EVs Debut at Paris Auto Show

 A view of the logo of BYD during the launch of the BYD eMAX 7, an electric MPV by Chinese car and battery maker BYD, in New Delhi, India, October 8, 2024. (Reuters)
A view of the logo of BYD during the launch of the BYD eMAX 7, an electric MPV by Chinese car and battery maker BYD, in New Delhi, India, October 8, 2024. (Reuters)

Chinese and European automakers are launching new models at the Paris auto show on Monday, with both heavily focusing on their electric ranges, even as demand slows and the EU gears up to impose tariffs on Chinese-made EVs later this month.

Below are some of the launches expected to generate buzz at the show, Europe's biggest. Organizers have counted around 50 European or world premieres.

CHINA'S OFFERING

Chinese EV giant BYD, which has entered many European markets this summer, is hoping to challenge Tesla's Model Y with a mid-sized electric SUV known as the Sea Lion 07.

It will also premiere for France its luxury, plug-in hybrid SUV, the Yangwang U8, which is capable of floating in the event of accidents involving water. It can also park sideways or make a complete turn on the spot thanks to four electric motors, one in each wheel.

China's state-owned GAC is launching the second generation of its compact electric crossover SUV, the Aion V, with a range of up to 750 kilometers (466 miles).

FAW's Hongqi, or Red Flag, known as former Chinese leader Chairman Mao Zedong's favored car brand and considered the nation's equivalent of a Rolls Royce, will launch its imposing luxury electric range, including the 5.2-meter long E-HS9, and EH7 and EHS7 models.

Startup Leapmotor will show the small EV T03 and new electric SUVs, the C10 and B10.

EUROPEAN MANUFACTURERS

Local manufacturer Renault is unveiling its small electric SUV, the R4, a modern version of the famous Renault 4 from the sixties, as well as a new Dacia Bigster, a larger version of the bestselling SUV Duster.

Alpine, Renault's sport brand, will unveil a show car for its forthcoming A390 fastback, its second fully electric model.

Volkswagen will premiere its seven-seater VW Tayron SUV that comes as a mild hybrid or plug-in hybrid, and available for order from 45,475 euros ($49,763).

Stellantis will launch the new compact Citroen C4 and C4X that have hybrid, electric and pure combustion-engine versions.

Peugeot, which has previously designed a mini steering wheel, is showing a rectangular wheel, or the Hypersquare, which will appear in the first car showrooms from 2026.



Meta Reportedly in Talks over Scale AI Investment that Could Exceed $10 Billion

(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
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Meta Reportedly in Talks over Scale AI Investment that Could Exceed $10 Billion

(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)

Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.

The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter.

Scale AI declined to comment and Meta did not immediately respond to Reuters request for comment outside regular business hours.

Founded in 2016, Scale AI is a data labeling startup backed by tech giants Nvidia, Amazon and Meta.

Last valued at nearly $14 billion, Scale AI also provides a platform for researchers to exchange AI-related information, with contributors in more than 9,000 cities and towns.