Chinese automakers eye European factories amid EU tariff threat
While the EU considers tariffs on Chinese EV imports, countries like Hungary, Poland, Spain, and Italy are offering incentives to attract Chinese automakers. Companies like BYD, Chery, and SAIC Motor are keen to build European factories to improve brand perception and avoid tariffs despite higher local production costs. Chinese EV sales in Europe are growing, and several countries have already secured significant investments, balancing higher costs with strategic benefits of local manufacturing.