“I think it can be a point of no return” — experts issue warning as Chinese EV manufacturers hunt for…
- Chinese EV makers are looking for manufacturing facilities in Europe
- Plans involve buying up or hiring idle plants
- Experts warn of the long-term consequences
A number of China’s largest carmakers are on the hunt for manufacturing capacity, as they plan to make use of idle plants and team up with legacy automakers in order to bring cars to market faster.
This week, Leapmotor has announced that it will start manufacturing its vehicles in Europe thanks to a partnership it formed with the Stellantis Group.
The automotive giant that owns Jeep, Fiat, and many more took a 21% stake in Leapmotor in 2023, but now the Chinese company will help co-develop new models under the Opel brand and produce multiple Leapmotor models at the Stellantis plant in Villaverde, Madrid.
BYD, which was the fastest-growing major automaker and the biggest EV seller in Europe last year, is also tipped to be...
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