Reported 7 months ago
Chery Auto, China's largest automaker by export volume, plans to start electric vehicle production in Europe to offset EU tariffs on China-made EVs. Chery expects the local production in Spain to help moderate the impact of the 21% tariffs proposed by the EU on Chinese imports. Despite challenges, Chery remains determined to expand in Europe, with plans to further establish manufacturing and assembly plants to compete with European rivals in the region.
Source: YAHOO