Tag: car industry
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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…