Geely, Leapmotor, Catl... The Chinese Engine 'Launchs a Lifeguard' to Spanish Employment
12 Articles
12 Articles
China has broken into Spain when it needed it most. Although the automotive industry had always been one of the great pillars of the national economy, with approximately 10% of GDP, the crisis of semiconductors, low demand and a blurry road to electrification had submerged Spanish plants in an important period of turmoil. Fortunately, the EREs of Stellantis in Figueruelas are already further away, the production stops in Renault plants in Palenc…
The Spanish construction site, which was shared equally by Stellantis and CATL through their Contemporary Star Energy joint venture, is fast advancing on paper with 4.1 billion euros invested, about 4,000 local jobs announced in the long run, but its start-up phase will depend largely on expertise from China. It is the president of the Aragon region, Jorge Azcón, who gave this figure at a press conference alongside Andy Wu, the owner of the join…
Almussafes, the factory with which Ford landed in Spain fifty years ago, will begin a new stage in the hand of the Chinese company Geely. Both will share the ownership of the plant, employment and production. Almussafes is part of a much wider movement. Chery already produces together with Ebro in Barcelona, SAIC prepares a factory in Ferrol and CATL builds a large battery plant with Stellantis in Figueruelas, where Leapmotor also plans to manuf…
If you can't deal with the enemy, join him. Faced with the threat of cheap Chinese electric cars that embody BYD or MG, that's what Stellantis did in 2023 when he acquired 21 % of Leapmotor. Three years later, his strategy has gone much further and after bringing to Spain models like the B10, a compact SUV more than interesting that we have already driven and a compact electric supersales for only €19,500; now Leapmotor will manufacture two mode…
The Minister of Economy, Employment and Digital Transformation of the Junta de Extremadura, Guillermo Santamaría, confirmed this Monday the beginning of the works of the cathodes factory of the Chinese company Hunan Yuneng in Mérida. This strategic project involves an investment of 800 million euros and the creation of approximately 500 direct jobs in the region. During a visit to Zafra (Badajoz), Santamaría explained that the project progresses…
The project 'Toro', the gigafactory of batteries for electric vehicles of Stellantis and the Chinese group CATL in Figueruelas (Zaragoza) how much already with all the...
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