Applications: EV

Chinaʼs Foray into the EU Market - Transitioning from Exporters to Local Manufacturers

An EV plant in Szeged, Hungary, is expected to start production in H1 2026 A $1 billion plant in Manisa, Turkey, is expected to start production by the end of 2026 Doubling retail footprint to 2,000 points of sale across Europe by 2027 Tripling e-bus capacity at plant in Komarom, Hungary, to 1,250 vehicles per year Additional 17% anti-subsidy tariff levied

Acquired a former Nissan plant in Barcelona, Spain, and is ramping up capacity to 200k vehicles Chery, Omodo, Jaecoo and, Lepas, brands expanding rapidly across 19 countries in Europe Actively seeking an additional plant in Germany or Italy Additional 20.7% anti-subsidy tariff levied

Already established presence in Europe through acquisition of Volvo and Lotus Co-owns Polestar with Volvo Introduced the EX5 e-SUV in the UK using existing plant Partnered with Jameel Motors to access distribution networks in Italy Additional 18.7% anti-subsidy tariff levied

Increased focus on hybrids and PHEV models not subject to additional tariffs Additional 35.3% anti-subsidy tariff levied

Partnered with Stellantis to use its dealer network Additional 20.7% anti-subsidy tariff levied

Mitigate additional auto specific tariffs on top of the 10% blanket amount placed on China made BEVs imported into the country that will also be renegotiated in 2026 Source: company announcements

Extracted from the PDF; charts and images may read imperfectly.