Chinese EV maker GAC to invest in Europe even after report that Beijing is against plan

Quick Summary:

A final decision will be made if there is substantial demand,’ GAC says.

Wei said he was not aware of such a directive from Beijing and GAC is adamant about tapping into the European market – even with the additional tariffs of up to 35.3 per cent that are applied to Chinese-made EVs.

The report added that the government request was not a mandatory order.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: International Market Electric Beijing State-owned Carmaker European Europe Chinese-made Tariffs Plans

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 20:39:13 (6 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 198 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23336060

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