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GAC plans European EV production to avoid EU tariffs, targeting 500,000 overseas sales by 2030.
Chinese state-owned automaker GAC plans to manufacture electric vehicles in Europe to circumvent potential EU tariffs.
The company's international business manager emphasized the importance of Europe as a relatively open market, targeting 500,000 overseas sales by 2030.
Establishing local production is seen as a strategy to mitigate the impact of tariffs imposed by the European Commission on Chinese-made EVs.
6 months ago
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