As Eastern Europe’s auto sector rebounds from Covid, it faces the need for infrastructural upgrades and a pivot towards EVs against Chinese market penetration
Over the past year, Chinese battery manufacturers have announced over $10.9 billion worth of investments in Hungarian factories. Some analysts believe that Chinese companies could use Hungary as a gateway to the common European market, which will radically impact the EV industry on the entire continent…
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The vote last week means EU tariffs on China-made battery EVs will rise from 10% to more than 45% for the next five years, something that could damage trade
Chinese parts and vehicle makers are concerned about secondary sanctions and payment problems related to exports to Russia
China-made vehicles are flooding the Russian market and Avtovaz’s parent company Rostec is calling for a curb
