Reject Germany and France! China $25 Billion to Build Europe’s Largest New Energy Vehicle Base

#china #chinanews #europe #germany #france In recent years, China’s rapid rise has attracted world attention. China has attracted widespread attention from the international community with its rapid economic growth and outstanding performance in the field of scientific and technological innovation. In the field of new energy vehicles, China has also made shocking achievements. Taking 2021 as an example, China exported million cars, of which 190,000 were exported to Europe, a year-on-year increase of 114%. As time goes by, China successfully replaced Japan in the first quarter of 2023 and became the world’s largest automobile exporter. As China’s automobile industry rises rapidly and expands its business globally at an alarming rate, Europe has also become a key target for China’s strategic development. However, China plans to invest US$25 billion in building a comprehensive automobile manufacturing base in Europe, including multiple projects such as new energy vehicle production, battery manufacturing, R&D centers, and logistics centers. Of all the countries in Europe, France and Germany have long been known for their strong automotive manufacturing industries. At first, many people thought that China would choose to cooperate with Germany and France, two major auto industry countries. However, China chose to invest US$25 billion in Hungary to build the largest automobile manufacturing base. In today’s video, we will discuss why China chose to abandon cooperation with France and Germany and build its largest automobile manufacturing base in Hungary. How will this decision change the new energy vehicle landscape in Europe? ---------------------------------------------------------------------