Spain courts Chinese firms but looks to EU for ground rules

Spain courts Chinese firms but looks to EU for ground rules

As Spanish regions jostle to draw Chinese battery and carmakers to produce on their turf, many of the same players are also pushing Brussels to lock in tough, EU-wide foreign investment rules to ​ensure Spain's economy isn't harmed by a race to the bottom.

China’s Auto Push Into Europe: Why Spain Is Becoming Beijing’s EV Hub

Chinese automakers’ rapid expansion in Spain is reshaping Europe’s automotive industry, with companies including Geely, Leapmotor, SAIC and BAIC investing through new factories and strategic partnerships. Chinese automakers’ growing presence is being hailed by supporters as a boost for manufacturing and jobs but has also raised concerns about Beijing’s long-term influence over Europe’s auto sector. The investments are expected to strengthen Spai…

Spain pushes EU rules for Chinese investment

Spanish regions are competing for Chinese vehicle and battery investment while pressing the European Union to apply common conditions on local employment, content, technology transfer, and ownership across strategic industrial projects. Spain is Europe’s second-largest vehicle producer after Germany, supports around 600,000 automotive jobs, and derives roughly a tenth of national economic output from the sector. Much of that production base is o…

Spain Emerges As China’s Gateway To Europe’s EV Market

As Spanish regions compete to attract Chinese battery and automakers, they are also urging Brussels to establish stricter EU-wide foreign investment rules to prevent a race to the bottom that could hurt the economy.  The dual approach reflects Europe’s challenge of welcoming Chinese investment while avoiding dependence on Chinese technology and becoming only a manufacturing […] The post Spain Emerges As China’s Gateway To Europe’s EV Market appe…