More and more electric cars produced, but no longer in Chinese factories. This would be the recipe that Chinese car manufacturers are using to try to defeat the reaction of the United States and Europewho responded to the invasion with duties and protectionism.
But cars produced directly outside, even if Chinese would be formally local, and therefore not subject to duties. A new report by Bloomberg takes stock of the situation and reveals impressive numbers. In 2023, Chinese brands were able to produce 1.2 million vehicles directly in the West, but they are preparing to reach 2.7 million by 2026.
They will do all this with new factories, or with the old ones updated and modified, to support full-process production. This means that heavy investments are being made in machinery molding, welding, painting and assembly. An upgrade like this is expensive, but it pays more in the long run than importing processed seeds from China for assembly in Europe or the United States.
We mostly talk about BYD, Chery, GAC e SAICwhich as a whole they announced 10 new projects or expansion projects for their factories abroad, also involving countries such as Thailand, Indonesia and Brazil. In particular, BYD is already working on a new factory in Hungaryto which a factory will be added in TürkiyeWhile Spain, Italy and Poland have ongoing discussions to bring production facilities home Geely, Dongfeng e Xpeng.
The duties therefore, seen as a stop-gap for the invasion of our market, would become a double-edged sword, capable of catalyzing a new industrial era for the European and Western automotive industry, which could significantly change its face in the coming years.
Source: greenmove.hwupgrade.it
