European countries scramble to attract Chinese electric car investments

Meanwhile, Volvo has started to shift manufacturing of Chinese-made electric vehicles to Belgium as the EU prepares to impose tariffs on China-made EVs, according to reports
European countries scramble to attract Chinese electric car investments

On top of transferring production of Volvo’s EX30 and EX90 models to Belgium, the carmaker may also move assembly of some Volvo models bound for the UK.

European governments may be wary of budget Chinese electric vehicles flooding their markets but they are also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring.

While the EU investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited