Skip to content

Europe moves to end reliance on China EVs with €4.4bn factory plans – Euronews

Europe moves to end reliance on China EVs with €4.4bn factory plans – Euronews

 

It’s one of the largest fundraisings in the European electric vehicle industry and is expected to reduce Europe’s dependence on Chinese EVs. ADVERTISEMENTTwo of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on Monday that the total funds needed for these factories is expected to be about €7 billion.Factories will be set… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *