Chery is reportedly building vehicles at plants abandoned by Mercedes, Nissan, and Volkswagen
Chery has reportedly begun assembling vehicles at Russia n plants previously owned by Mercedes, Nissan, and Volkswagen. Chinese firms are said to be responsible for over 50% of new cars sales in the country, following the exit of Western brands. Russia is reportedly increasing fees on imported vehicles, which could cause more Chinese firms to setup shop in the country.
More: Russia Makes Knock-Off Citroens At Stellantis Plant With Help From Chinese Partner Citing five people familiar with the matter, the publication is reporting Chery is now making vehicles at Russian plants that were abandoned by Mercedes, Nissan, and Volkswagen. However, it appears there role in the production process is fairly limited as Reuters suggested the plants are used for final assembly as the cars are “nearly finished” when they arrive.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factoriesFormer President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico.
Read more »
Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factoriesFormer President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico.
Read more »
Trump pledges tariffs, repeats false claim of Chinese automakers building big Mexican factoriesFormer President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico. The GOP presidential nominee is also vowing to slap 200% tariffs on any vehicles made in the unbuilt plants and shipped to the United States.
Read more »
Chinese Automakers' Shares Rise Despite U.S. Ban ProposalShares of Chinese automakers climbed Tuesday, defying a proposed U.S. government rule to ban certain vehicles equipped with car parts from China and Russia due to national security concerns. The Biden administration aims to curb the influence of the Chinese auto industry in the U.S. by restricting imports and sales of cars with specific vehicle communication systems or automated driving systems linked to China or Russia.
Read more »
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EUVW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
Read more »
Why the European Union's tariffs on Chinese automakers may not workSupporters say EU tariffs on Chinese EVs will offset harm of Chinese subsidies. Critics say they will slow EV adoption and hurt some European carmakers.
Read more »