Chinese automakers are seeking global domination with dozens of brands, millions of cars and expansion beyond their borders with factories in other countriesbut the The Chinese government does not look favorably on investment in certain countries.
BYD’s headquarters in Shenzhen. Image: BYD
China’s Ministry of Commerce has particularly recommended its automakers not to invest in India, Russia and Türkiyeaccording to a report by ReutersWith India, in particular, there is an unresolved conflict over the border with China in the Himalayan region, which has escalated to the cancellation of several business projects.
The Chinese government’s misgivings are less severe when considering the expansion of factories to Thailand, for example, or in Europe, with Italy and Spain in the spotlightThe latter two countries have not seen any new investments because they require greater knowledge of local laws and culture, the report explains.
Chinese authorities also do not consider investment in Russiaeven though cars from the Asian country have filled the gap left by the exit of several Western brands. Chery is even said to be in talks with a Russian manufacturer to produce cars locally.
Another brand looking to set up a factory in Europe is Geely, although it has not yet decided which country could host it. Like the United States, Europe is considering tougher import tariffs on electric cars made in China.
Something interesting in the warning from the Chinese authorities is that There is no mention of Latin America or Mexico.among the negative recommendations of regions to invest in. All this while MG Motor, BYD and Chirey They continue with the promise of announcing very soon in which states of the republic they will install their first car assembly plants.
