Business · 2h ago
Chinese EV makers buy idle European factories from Ford, Nissan
Chery is leading Chinese EV makers in acquiring European factories vacated by Ford and Nissan. The move aims to bypass EU tariffs on Chinese-made EVs. However, it risks becoming a retreat if European demand falters or political backlash grows.
Meridian48 take
This is less a rescue and more a strategic hedge against tariffs, but the real test will be whether Chinese brands can win over European consumers.
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China’s EV makers are taking over the European factories Ford and Nissan can’t fill →
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