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.

October 13, 2024
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