South China Morning Post
AsiaPac · 2 hrs ago
✦ 72◉ Centre
As Chinese EV makers expand in Europe, are local automotive suppliers set to benefit?
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Quality 72/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Chinese electric vehicle manufacturers are expanding into Europe, and local automotive suppliers may benefit from increased demand despite EU protectionist measures aimed at shielding domestic carmakers.
As Chinese EV makers expand in Europe, are local automotive suppliers set to benefit?
European automotive suppliers are set to benefit from an influx of Chinese carmakers, thanks to growing demand for electric vehicles (EVs) and persistent local protectionism, according to Vulcan Energy Resources, a lithium and renewable energy producer in Germany.
Chinese EV makers – from BYD to Xpeng – are planning to aggressively expand into Europe in search of higher profit margins, even as Brussels advances measures to protect local manufacturing amid a slower pace of electrification.
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