Tag: Alfonso Rueda
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China is preparing to dominate the Spanish EV industry as the European Parliament approves new foreign investment monitoring rules
On the same day that the European Parliament approved new rules for the monitoring of foreign direct investments into Europe, the Spanish President of the Autonomous Region of Galicia, Alfonso Rueda Valenzuela, reiterated that the Chinese company, SAIC, is to set up a plant in his region to produce electric vehicles. He also announced that…
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China’s car industry to enter Europe through a mineral-rich backdoor
There are serious developments unfolding in Spain that are receiving far less attention than they deserve. Beneath the surface of investment deals and industrial partnerships lies a strategic shift that could undermine Europe’s industrial and resource landscape for years to come. Spain’s Prime Minister Pedro Sánchez has in recent years cultivated closer ties with China,…