A few decades ago, Western automakers were flocking to China. Now, they’re calling on China to get them out of a rut.
Both the United States and the European Union recently decided that the best way to tackle the influx of subsidized Chinese electric vehicles and EV technology is by taxing the hell out of them. But Stellantis, being the giant conglomerate that it is, found a way of circumventing the hiked duties on imported EVs that are set to go into effect in just two weeks: build a Chinese EV on European soil.
Jeffries analysts, quoting Stellantis management, said that manufacturing costs at the Polish plant amount to roughly $430-$530 per car, similar to what Leapmotor is able to achieve in its home country, whereas building the same car at one of Stellantis’ factories in Italy would cost double. It’s worth noting that the Leapmotor T03 has been on sale in some European countries prior to the start of production.
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