Chinese automaker Chery is set to take a significant step into the European electric vehicle market with plans to manufacture a small, affordable electric car on the continent. The move marks a major expansion for the company, which has traditionally been a major player in the Chinese market. Industry insiders speculate that the new model will be designed to compete directly with popular European electric vehicles, such as the Renault Zoe and the Peugeot e-208. By manufacturing in Europe, Chery aims to tap into the growing demand for eco-friendly vehicles on the continent and establish a foothold in a highly competitive market.
Chery wants to make small electric car in Europe Yahoo Finance
