9.7 C
Belgrade
16/10/2024
Mining News

Chinese automaker GAC considers local EV production in Europe to navigate EU tariffs

Chinese automaker GAC is exploring the possibility of producing electric vehicles (EVs) in Europe to circumvent EU tariffs, as stated by international business general manager Wei Heigang in a Reuters report.

As one of China’s largest car manufacturers, GAC has set an ambitious goal to sell 500,000 vehicles overseas by 2030. Although the company currently doesn’t offer EVs in Europe, it plans to unveil the Aion V electric SUV at the Paris Auto Show.

Supported by

To mitigate the impact of EU tariffs on Chinese-made EVs, GAC is considering local production, though it is still in the early stages of determining whether to build a new facility or utilize an existing one. The Aion V is slated to launch in Europe in 2025.

Related posts

Eagle’s Nest Project in Canada: A key nickel and copper initiative in Ontario’s ring of fire

Pan Asia Metals prepares for drilling at Rosario Copper Project in Chile

Chalice Mining’s Gonneville project in Australia granted major project status by Commonwealth Minister

error: Content is protected !!