Chinese EV makers’ go-global drive hits bumps amid Beijing warning, failed deals

Quick Summary:

After officials warned against investments in EU countries that favoured recent tariffs, EV makers may need to rethink their strategies.

Chery and Dongfeng Motor have been reportedly in talks with the Italian government on plant construction in the European country.

Punitive tariffs slapped on Chinese EVs by the US and European Union have made it difficult for companies to crank up sales in major car markets.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChinaGermany

Topics: Companies Consumers China Markets Go-global European Motor Chery Chinese Been Strategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:30:12 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 40 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23579588

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