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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe. Given the slow uptake of electric vehicles in Spain, Chery says it plans to make combustion engine, hybrid, and electric vehicles there.

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As Detroit of Asia, Thailand goals battery makers to stick forward in EV race

Baua Electric

are i’m ready to quickly finalize their funding plans, and Chery Automotive Co. To that finish, a multibillion-baht subsidy bundle is within the works and can be put to the fresh executive for esteem, says Narit Therdsteerasukdi, the secretary normal of the Thailand Board of Funding, which oversees international funding into the rustic.