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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. billion in loans and grants for EV production, which is part of the PERTE scheme of incentives that rely on European pandemic relief funds, according to Automotive News Europe.

Chery 52
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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

BYD’s conventional gas-powered cars are selling well these days in China, and his electric plug-in electric model looks like it will come to market with a longer range and a lower sticker price than the new Toyota Prius much-hyped Chevy Volt. car companies and battery makers as much as the Chinese government is going to help BYD.

Chinese 28