Written by Akimoto Yukiko | Edited by Cláudio Afonso
Executives from China’s Geely Group disclosed on Wednesday in Germany that the company is actively exploring potential locations for a manufacturing facility in Europe, though no final decision has been made.
In an interview with Reuters in Frankfurt, Geely Group Vice President Chuanhai Li commented, “It’s still not 100 per cent certain” whether the company will proceed with building a plant in Europe.
Nicolas Appelgren, the Chief of Lynk & Co in Europe, added that Geely is evaluating several possible sites across the continent. The company already sells several of its brands in Europe, including Volvo, Lotus, Polestar, Zeekr, and others.
Recent tariff adjustments have posed challenges for Geely and other Chinese electric vehicle manufacturers, as they are unable to pass increased costs onto consumers without risking a loss of competitive edge.
Geely has recently established a facility in Frankfurt to conduct performance tests on its new energy vehicles and ensure compliance with European certification standards.
The Group’s brand Lynk & Co is preparing to introduce a China-manufactured electric vehicle in Italy this October, with plans to roll out another fully electric model in Europe later on.
Currently, the brand only offers one hybrid vehicle in the European market. In addition, Geely is in talks with the Polish government regarding the possibility of constructing an electric vehicle manufacturing plant in Poland.
Written by Akimoto Yukiko | Edited by Cláudio Afonso
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