Beyond exports: China's automakers dig deeper into Europe

Chinese automakers are turning Europe from an export market into a manufacturing foothold, building factories and joining forces with established rivals to overcome trade barriers and challenge the region's automotive giants. Facing fierce competition and overcapacity at home, companies including BYD, Chery and Geely are moving production closer to European customers. Their strategy goes beyond avoiding EU tariffs: By taking advantage of underused factories and local partnerships, they are posit

Source: The Korea Herald