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Magna Steyr in discussions with several Chinese automakers to localize EV production in Europe

Magna net zero

Austria-based contract manufacturer Magna Steyr has confirmed that several Chinese OEMs are discussing the possibility of local EV production ahead of further sales in Europe. The decision may be swayed by the looming threat of tariffs Europe may impose on China as several automakers continue to expand to new markets overseas.

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China threatens tariffs up to 25% on imports in retaliation for EU probe, US tariffs on EVs

EU China tariffs

Ten days after the Biden administration introduced a 100% tariff on on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports. Those threats are also targeted at the EU, as China’s Ministry is requesting the results of a recent probe while imploring Europe not to take the same action as the United States.

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Stellantis, Leapmotor officially launch joint venture to sell Chinese EVs in Europe this fall

One week after reporting plans for a press event launching its new joint venture, Stellantis and Leapmotor have officially begun the new business venture together. The new JV, named “Leapmotor International,” will expand to sell Chinese EVs in Europe this fall, with additional markets to follow.

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XPeng (XPEV) launches two EVs in Germany with plans to enter more EU nations later this year

EV tariffs

Chinese EV automaker XPeng Motors is making good on its vow to enter new European markets this year, beginning with Germany. Beginning today, two all-electric XPeng models are available to German customers as the automaker targets an ambitious market share in a land home to several huge names in legacy OEMs and shows no signs of slowing down in its expansion through Europe.

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Chinese EVs in the US? Stellantis’ CEO is open to the idea if governments block exports

Chinese EVs US

Just days after Stellantis CEO Carlos Tavares divulged the automotive conglomerate was mulling building electric vehicles for joint venture partner Leapmotor in Europe, the always interesting Tavares spoke further, sharing an openness to also assemble the Chinese EVs in North America, most likely the US, if necessary. Here’s the latest.

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Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

BYD lease

A mere two years removed from its initial entry into new markets of Europe, Build Your Dreams (BYD) is looking to expedite its expansion with the help of Arval – a major vehicle leasing company overseas. The two companies signed a Memorandum of Understanding to become leasing partners and ensure more BYD passenger and light commercial EVs are available to drivers.

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