Crowds In Masks Pack Out China Auto Show After Virus Delay
Faizan Hashmi Published September 26, 2020 | 04:10 PM
Crowds packed a mega motor show in Beijing on Saturday -- the only major international auto event this year -- as manufacturers hope to boost the world's biggest car market despite the coronavirus battering demand
Beijing (UrduPoint / Pakistan Point News - 26th Sep, 2020 ) :Crowds packed a mega motor show in Beijing on Saturday -- the only major international auto event this year -- as manufacturers hope to boost the world's biggest car market despite the coronavirus battering demand.
Delayed for five months because of the pandemic, the 10-day event opened as China has largely brought the virus outbreak under control, although travel restrictions mean most overseas executives stayed home, while some appeared virtually to introduce their new motors.
But this did not stop a packed audience in mandatory face masks from cheering as new cars were driven on stage to be shown off.
Luxury brands such as Audi showed off new electric vehicles, while established players like Volkswagen -- its parent group -- and BMW made commitments to their own electric future, with all-electric models to be produced in China.
Meanwhile, Chinese electric vehicle firm XPeng took the chance to show off its Kiwigogo, a drone-like vehicle that can carry two people -- a step towards flying cars.
The fact the glitzy gathering was going ahead marked "a symbol of hope" in the industry, BMW China CEO Jochen Goller told the crowds Saturday morning.
Tickets were limited this year in a bid to reduce crowds, although attendees surged through the exhibition centre shoulder to shoulder.
China's auto industry is showing signs of recovery after passenger car sales collapsed by around 80 percent in February, when consumers stayed home and the economy came to a near-standstill to curb the virus outbreak.
Sales have picked up after a painful first quarter, up 8.8 percent year on year last month according to the China Passenger Car Association.
Saturday's sprawling displays of almost 800 vehicles includes 82 world premieres, with automakers jostling to gain market share and revive consumer interest after a long slump predating the pandemic.
In a year where global auto sales are expected to fall by 20 percent, rating agency S&P expects China may be the only market to catch up with 2019 volumes in the next two years.
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