China's GAC Group Going to Europe?

China’s GAC Group is considering building factories in Europe to counter tariffs on Chinese-made electric vehicles (EVs).

Despite reports of Beijing pressuring carmakers to hold back on EU investments, GAC plans to expand into Europe if demand is strong.

The EU has imposed new tariffs of up to 35.3% on Chinese EVs, adding to existing taxes, following an anti-subsidy probe.

GAC and other Chinese EV companies, with cost advantages, are exploring local production to avoid these tariffs, but experts urge caution due to high investment risks.