Chinese automakers rush to build European factories ahead of new EU investment rules
By
Peter Sigal
Tired, dry, slightly forgotten on the back of the tray.
Summary
Chinese automakers including BYD and Chery are racing to establish car production facilities in Europe ahead of impending EU regulations that would limit foreign investment. The companies are seeking existing factory space to avoid tariffs and secure continued access to the European market.
Key quotes
· 2 pulledChinese automakers are seeking to establish European production before new EU rules limiting foreign investment take effect.
BYD, Chery and others are seeking existing factory space to avoid tariffs and secure market access.
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