Automakers

Chinese automakers use Europe-based r&d centers as springboard to bigger plans

Chinese companies have been trying to establish a foothold in Europe for years. Geely debuted the CD (shown) at the 2005 Frankfurt auto show. Today Geely and Chery have r&d centers near Frankfurt.   (Bloomberg)
August 15, 2019 07:39 AM

In an attempt to gain prestige, improve competitiveness and open new sales channels abroad, Chinese automakers are investing in new design and engineering operations in Europe that could bolster their long-term prospects in the region and at home.

Staying current is easy with newsletters delivered straight to your inbox.