Etiqueta: DongFeng

MADRID, Spain, June 15, 2024--Dongfeng Motor grandly held Dongfeng Brand Day in Madrid, Spain. The event was attended by Ma Lei, Managing Director of Dongfeng Motor Corporation International Business Department and China Dongfeng Motor Industry Imp. & Exp. Co., Ltd., along with the executive team of Spanish partner Salvador Caetano Group. Notable figures from industry associations such as FACONAUTO, AEDIVE, ANFAC, and GANVAM were also present. Alongside media representatives and European partner

China has "decoded" EVs and has put Tesla in check, while American experts are on edge: 1300 miles without recharging and the end of this

Together with joint venture partner Dongfeng, Nissan is presenting four vehicle concepts tailored to the Chinese market at the Beijing Motor Show, including two purely electric and two plug-in hybrids. They should soon lead to series production versions: The first new electric Nissan has been announced in China for the second half of 2024.

BYD is building it first plant in Hungary, while Leapmotor will use a Stellantis factory in Poland, as Chery eyes production in Spain and possibly Italy; Great Wall, SAIC and Dongfeng are also assessing opportunities

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. Manufacturing costs for Chinese EV makers including BYD, Chery Automobile and state-owned SAIC Motor are much lower at home but they are nonetheless keen to set up in Europe to build their brands and save on shipping and potential tariffs, said Gianluca Di Loreto, a partner at consultancy firm Bain & Company.