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.



US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)

The US Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive US goods and technology at their plants in China, according to people familiar with the matter.

The chances of the United States withdrawing the authorizations are unclear. But with such a move, it would be harder for foreign chipmakers to operate in China, where they produce semiconductors used in a wide range of industries, Reuters said.

A White House official said the United States was "just laying the groundwork" in case the truce reached between the two countries fell apart. But the official expressed confidence that the trade agreement would go forward and that rare earths would flow from China, as agreed.

"There is currently no intention of deploying this tactic," the official said. "It's another tool we want in our toolbox in case either this agreement falls through or any other catalyst throws a wrench in bilateral relations."

Shares of US chip equipment makers that supply plants in China fell when the Wall Street Journal first reported the news earlier on Friday. KLA Corp dropped 2.4%, Lam Research fell 1.9% and Applied Materials sank 2%. Shares of Micron, a major competitor to Samsung and SK Hynix in the memory chip sector, rose 1.5%.

A TSMC spokesman declined comment. Samsung and Hynix did not immediately respond to requests for comment. Lam Research, KLA and Applied Materials did not immediately respond, either.

In October 2022, after the United States placed sweeping restrictions on US chipmaking equipment to China, it gave foreign manufacturers like Samsung and Hynix letters authorizing them to receive goods.

In 2023 and 2024, the companies received what is known as Validated End User status in order to continue the trade.

A company with VEU status is able to receive designated goods from a US company without the supplier obtaining multiple export licenses to ship to them. VEU status enables entities to receive US-controlled products and technologies "more easily, quickly and reliably," as the Commerce Department website puts it.

The VEU authorizations come with conditions, a person familiar with the matter said, including prohibitions on certain equipment and reporting requirements.

“Chipmakers will still be able to operate in China," a Commerce Department spokesperson said in a statement when asked about the possible revocations. "The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the United States has an equal and reciprocal process.”

Industry sources said that if it became more difficult for US semiconductor equipment companies to ship to foreign multinationals, it would only help domestic Chinese competitors.

"It’s a gift," one said.