Chinese EV makers' plans to make cars in Europe [Reuters]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Reuters
of lower costs cars to rival their European competitors amid slowing demand at home, the world's largest car market. European imports of Chinese-made electric vehicles (EVs) have soared in recent years, raising concerns among domestic EV producers that could suffer significant losses by a wave of cheap Chinese electric vehicles, and politicians alike. The EU has launched an anti-subsidy into Chinese EV imports. Here are details of plans by Chinese EV makers to invest in Europe: CHERY AUTO (CHERY.UL) Chery Auto, China's largest automaker by export volume, on April 16 that it has signed a joint venture with Spain's EV Motors to open its first European manufacturing site in Catalonia. The production is set to start later this year with junior partner Chery producing its Omoda vehicles at the plant. Majority stakeholder EV Motors will start producing its own vehicles in the fourth quarter, the Spanish company said. The carmaker is also considering building a car factory in B
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- STLA's page on the SEC website