European nations compete for Chinese EV factories even as EU weighs tariffs

MG3 Geneva 2024 Bolduc Arc 2024 — Sales of Chinese-brand cars such as the MG3, shown at the 2024 Geneva auto show, comprised 4 percent of the European market last year and are forecast to hit 7 percent by 2028, according to consulting firm AlixPartners. (DOUGLAS A. BOLDUC)

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By:

Reuters

June 10, 2024 07:25 PM

MILAN - European government may be wary of 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.

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