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flag European carmakers unveil new EVs at Munich show, competing with Chinese rivals like BYD.

flag At the Munich auto show, Europe's carmakers, facing challenges like tech transitions and chip shortages, unveiled new electric vehicles (EVs). flag Volkswagen introduced four affordable EV models priced around €25,000 to compete with rising Chinese automakers like BYD, which plans to produce its EVs locally in Europe to avoid tariffs. flag This move highlights the growing competition between traditional European carmakers and their Chinese rivals in the EV market.

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