China’s EU-made vehicles threaten local OEMs

AutoExec Summary
The expansion of Chinese electric vehicle manufacture into Europe presents both opportunities and challenges. Chinese OEMs can avoid importation tariffs and increase market share, while European manufacturers may struggle to compete with cheaper Chinese imports. Spain will soon produce Chery vehicles, with other Chinese manufacturers planning to establish manufacturing sites in Europe. This move will not only save money for OEMs but also benefit component manufacturers in the region. Stellantis CEO expresses concerns about the rise of Chinese vehicle production in Europe, acknowledging the tough competition ahead. Chinese OEMs are determined to expand in Europe, potentially acquiring plants from struggling local manufacturers. The future of the European automotive industry remains uncertain as Chinese manufacturers continue to make inroads into the market.

Brands mentioned: Chery, Nissan, Ebro, Geely, MG Motor, SAIC, Anhui Jianghuai Automobile Group, Dongfeng Motor Group, BYD, Leapmotor, Stellantis.