EU carmakers pave way for Chinese rivals as balance in market shifts
Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the march
Chinese carmaker Xpeng is on the hunt for a factory in Europe. Volkswagen is aiming to reduce the number of its factories. It seems like it should have been the perfect set-up for a deal.
Yet there was one problem with the plant on offer, according to Elvis Cheng, Xpeng’s managing director of north-eastern Europe: “It’s a little bit, I would say, old.”
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