Chery Automobile Co LtdImpact on stocks 5
Chery Automobile Co Ltd
BYD Co Ltd Class A
Contemporary Amperex Technology Co Ltd Class A
SAIC Motor Corp LtdSpanish regions are pursuing Chinese battery and car investment while officials push for common European Union foreign investment rules ahead of talks with Beijing on trade arrangements. Reuters reported that Spanish officials want faster approval of a "Made in Europe" law that would require local content and employment conditions, technology transfer, and limits on asset ownership for foreign investors in strategic sectors. Catalonia and Extremadura are presenting themselves as China's gateway to Europe, opening offices in China and creating China-focused teams to attract investors. SAIC, Chery, CATL, and AESC are establishing electric vehicle and battery operations in Spain, while BYD and Hongqi are reportedly assessing possible locations. Spain is Europe's second-largest car producer after Germany, with the automotive industry employing 600,000 people and representing 10% of GDP, and the country has few strong domestic brands, leaving it more open to Chinese automotive investment than Germany.
Chery Automobile Co Ltd
BYD Co Ltd Class A
Contemporary Amperex Technology Co Ltd Class A
SAIC Motor Corp Ltd