The Strategic Triad—Mexico, Thailand, and Hungary as Hubs for Chinese Automakers’ Global Expansion
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Hungary Reopens Review of BYD Investment Case
Hungary’s new government has launched a retrospective review of BYD’s investment amid controversy over former Foreign Minister Péter Szijjártó joining the company days after resigning. The probe focuses on potential misuse of public funds, tax incentives, and infrastructure support during the Orbán administration.
Geely and Ford Form Joint Venture to Enter European Market
Geely acquires 34% stake in Ford’s Valencia plant for €221 million, forming a strategic JV to produce five new models—including EVs—starting in 2028. The move revitalizes underutilized capacity and shifts Geely’s European sales from exports to local production.
Spain Introduces Chinese Automakers and Workers to Revitalize EV Industry
Following its 2026 World Cup victory, Spain has fast-tracked partnerships with Chinese EV leaders—Chery, BAIC, and CATL—to combat skilled labor shortages and jumpstart electrification through flagship joint ventures, including a battery plant staffed by Chinese workers.
Former Hungarian Foreign Minister Szijjarto Joins BYD
Peter Szijjarto, Hungary’s former Foreign Minister, has joined BYD as an executive overseeing global external relations and new business expansion. His appointment follows his key role in securing BYD’s European manufacturing and R&D investments in Hungary.
Former Hungarian Foreign Minister Joins BYD to Spearhead Global External Relations and European Expansion
Peter Szijjarto, Hungary’s former Foreign Minister, has joined BYD as Head of External Relations and New Business Line Development. His appointment aims to strengthen China-Hungary collaboration and fast-track BYD’s European footprint, including its new factory in Szeged and regional HQ in Budapest.
Leapmotor B10 Launches in Mexico, Entering North America
Chinese EV maker Leapmotor has officially entered the North American market with the launch of its B10 model in Mexico. The B10 features a 510 km CLTC range, Snapdragon 8295-powered infotainment, and support for HUAWEI HiCar, with C10 and C16 models to follow.
Chinese Companies Invest EUR 940 Million in Serbia's Automotive Industrial Chain
Four Chinese auto suppliers—Minth Group, Shanghai Huizhong, Boma Technology, and Xingyu Shares—have committed €940 million to expand Serbia’s automotive industrial chain, leveraging the new China-Serbia Free Trade Agreement to establish a strategic gateway into Europe.
XPeng Accelerates Overseas Factory Expansion
XPeng Motors is rapidly expanding its global manufacturing footprint, securing a European plant through talks with Volkswagen and acquiring a majority stake in an Indonesian EV company to establish its first overseas production base.
Nissan to Manufacture Chery Vehicles for European Market
Nissan will begin contract manufacturing Chery vehicles at its Sunderland, UK plant in April 2027, helping Chery localize production in Europe while utilizing Nissan’s idle capacity. The deal reflects a broader trend of Chinese automakers expanding globally through tech licensing and manufacturing partnerships.
Changan Qiyuan Delivers 35,000 Units in May, Q05 Drives Dual Growth at Home and Abroad
Changan Qiyuan sold 34,528 EVs in May, up 85% YoY, with the Q05 compact SUV accounting for nearly half of deliveries. The model is fueling dual growth—domestically and internationally—evidenced by over 3,000 pre-orders in Thailand within three days of launch.
SAIC MG's First European Plant to Be Built in Spain
SAIC Motor will build its first full-scale European EV manufacturing facility in Ferrol, Spain, investing €2 billion to produce 120,000 MG-branded electric vehicles annually by 2028. The move strengthens its 'In Europe, for Europe' strategy amid rising EU tariffs on Chinese EVs.
XPeng Takes Control of EV Factory in Indonesia
XPeng has acquired a 90.1% stake in PT Era Industri Otomotif (EIDO), establishing its first overseas EV production base in Purwakarta, Indonesia. The move shifts its strategy from contract manufacturing to asset-heavy global expansion, enabling localized assembly of the XPeng X9 and G6 to avoid 40% import tariffs.