Chinese carmakers plan European factories to bypass EU EV import quota
Briefing by News4U · First published
SCMP Business reports Chinese carmakers are preparing local production in Europe to avoid new import quotas on hybrid EVs.
SCMP Business reports Chinese carmakers are preparing local production in Europe to avoid new import quotas on hybrid EVs. They plan to invest billions of yuan in new factories or use idle plants of international marques to sustain sales growth in Europe. [1]
Sources
- Chinese carmakers gear up European production to sidestep tariffs, import quota
SCMP Business · · Summary only