Chinese auto giant Geely is evaluating the possibility of opening a large production plant in Europeas announced by Vice President Li Chuanhai during a meeting in Frankfurt. The company has already started talks with the Polish government, but has not yet made a final decision..
Geely’s move comes amid growing interest from Chinese automakers in the European market. The company recently opened a new test base in Frankfurt, where it is developing 13 new energy vehicles to obtain the necessary certifications for the European market..
Nicolas Appelgren, European CEO of Geely’s Lynk & Co brand, said the company is “actively exploring different locations across the continent” for a possible production plant. However, Li Chuanhai clarified that the plan is not yet final at “100%“.
Geely ha “many possibilities” to expand into Europe.
Talks with the Polish government, which began at the beginning of the year, they seem to be at a standstillDeputy Regional Development Minister Jan Szyszko said Poland would prefer to host the Geely plant directly rather than import vehicles produced in other EU countries.
Chinese competition in Europe
Geely’s move another Chinese automaker’s announcement followsChery, which in April announced plans to produce electric vehicles at a plant in Barcelona. Chery aims to reach production capacity of 50,000 units per year by 2027to then rise to 150,000 in 2029.
The expansion of Chinese automotive companies in Europe poses a significant challenge to the continent’s traditional manufacturers, at a time of rapid transition to electric mobility. Geely’s final decision could have a significant impact on the balance of the automotive sector European in the coming years.
Source: www.tomshw.it
