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China does not recommend its carmakers to set up factories in the EU

Oct 29, 2024 13:06 248

China does not recommend its carmakers to set up factories in the EU  - 1

Beijing is calling on Chinese car companies to stop actively looking for production sites in Europe and not to sign new deals. The appeal of the Chinese authorities is that their car manufacturers generally remain in the shadows.

This should continue until negotiations on EU tariffs on Chinese electric cars are completed. Dongfeng was the first to respond to this advice or perhaps order.

The brand, which is also sold in our country, immediately froze its plans for potential car production in Italy. Chongqing Changan Automobile Co. and canceled all his planned events for the presentation of his brand in Europe, which were scheduled for this week in Milan.

Currently, the EU and China are working on an alternative agreement that suits both sides, and this is precisely the reason for the intervention of the Chinese authorities in the plans of their companies, mostly related to production sites in Europe.