Several Chinese electric vehicle (EV) makers are planning to establish manufacturing and assembly plants in Europe as part of their strategy to sell lower-cost cars and compete with European automakers, according to a report by Business Today.
This move follows the European Union's (EU) decision to impose import tariffs on Chinese-made EVs, citing concerns over state subsidies provided to these manufacturers. By setting up factories in Europe, Chinese companies like Chery, BYD, Leapmotor, SAIC, Xpeng, Geely, GAC, GWM, and Dongfeng Motor aim to reduce costs and mitigate the impact of these tariffs, allowing them to better challenge European competitors in the world's largest car market.
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