‘A final decision will be made if there is substantial demand,’ GAC says.
State-owned carmaker GAC Group plans to set up factories in Europe in an effort to mitigate damage caused by the tariffs imposed on Chinese-made electric vehicles (EVs).
Wei Haigang, the general manager of GAC International, said expansion into Europe is an important part of the Guangzhou-based company’s growth strategy, adding that it expects to bring a large number of electric cars to the European market next year.
