Chinese carmaker GAC looks at making EVs in Europe as tariffs loom
PARIS - Chinese state-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, the general manager of its international business told Reuters on Sunday, joining a growing list of Chinese companies planning local production.
GAC still viewed Europe as an important market that was"relatively open" despite moves by the European Commission to impose tariffs on EVs made in China, Wei Heigang said, speaking in Paris ahead of the show. "Local production would be one of the ways to resolve this," he added."We are very actively exploring this possibility."
The compact SUV on display in Paris, a 520-kilometre range vehicle called"Aion V", should launch in some European markets in mid-2025, priced at less than 40,000 euros , though the final price has not yet been set, GAC said.
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