Chinese EV makers' plans to make cars in Europe
Updates throughout, adds GAC, Great Wall Motor, and Dongfeng
Oct 15 (Reuters) -Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe, hoping to sell more lower-cost carsin the region to challenge Europeancompetitors amid slowing demand in China, the world's largest car market.
European imports of Chinese-made electric vehicles (EVs) have soared, leading European EVproducers to fear being priced out of their home market.
In response, theEU has introduced import tariffs on Chinese-made EVs, arguing that they receive significant state subsidies.
This in turn creates an incentive for Chinese carmakers to set up factories in Europe to mitigate the tariffs.
Here are details of Chinese companies' plans toinvest in Europe:
CHERY AUTO CHERY.UL
Chery Auto, China's largest automaker by export volume, has signed a joint venture with Spain's EV Motors to open its first European manufacturing site, in Barcelona.
Production is set to start this year with both majority stakeholder EV Motors andChery producing their ownvehicles.
Cheryhas also been in talks with Rome about building a factory in Italy, and theFinancial Times has reported it isconsidering building a factory in Britain this decade.
BYD 002594.SZ
Theworld's largest EV maker plans to make all the cars it sells in Europe locally, itsaid at the Paris car show on Monday.
BYD plans to produce components in Europe and assemble battery packs at plants in Hungary and Turkey, importing only the battery cell from China, Executive Vice President Stella Li told Reuters.
LEAPMOTOR 9863.HK
Leapmotor isset to start taking orders in Europe for a city car and an SUV, the automaker and its partner Stellantis STLAM.MI said in September, as they expand their budget electric vehicle (EV) offering in the region.
The T03 EV compact city car will be assembled in Europe, at Stellantis' Tychy plant in Poland. Stellantis CEO Carlos Tavares has hinted the C10 SUV could be manufactured in Europe.
Stellantis holds a 51% stake in an international joint venture with Leapmotor and has exclusive rights to build, export and sell Leapmotor products outside China.
SAIC MOTOR 600104.SS
State-owned SAIC, China's second-largest auto exporter with its MG-branded cars, is choosing a site for an EV factory in Europe, itsaid in September.
SAIC already has a European parts centre unit in Amsterdam and plans to open a facility in France to meet growing demand there, itsaid in March.
XPENG 9868.HK
Electric vehicle maker XPeng isconsidering setting up a factory in Europe to mitigate the tariffs.
GEELY 0175.HK
Geely is scouting locations for a plant in Europe, but has not committed fully, executivessaid in interviews in September.
Talks are ongoing with Warsaw over an electric vehicle plant in Poland, but officialstold Reuters this year they did not view Geely as an ideal partner.
GAC
State-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, it told Reuters on Sunday.
GAC is targeting 500,000 overseas sales by 2030.
It does not yet sell EVs in Europe but was due to launch an electric SUV tailored to the European market at the Paris Auto Show.
Great Wall Motor601633.SS
The Hungarian government is negotiating with Chinese SUV maker Great Wall Motor to host its first European plant, Hungarian mediareported in April, although neither government nor the firm confirmed the talks.
In May, Great Wall Motor closed its Munich office and laid off all 100 employees, but signalled that it did not want to withdraw from Europe completely, German media reported .
Dongfeng Motor Group 0489.HK
Dongfeng Motor Group is in advanced talks about building an auto plant in Italy, Italian sources close to the matter told Reuters in August.
The company later said it needed to evaluate sales prospects in Europe before deciding on a factory.
Reporting by Reuters bureaux; compiled by Eva Orsolya Papp, Andrey Sychev, and Marta Maciag
Editing by Josephine Mason, David Evans and Kevin Liffey
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