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DE
Huawei, Ford, Mazda’s Chinese partner opens European office in Germany
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TechNode
Chinese manufacturer Changan Automobile said on Tuesday it had opened a new European office in Germany, facilitating the company’s entry into the world’s third largest regional market where peers such as BYD and Chery are also forging ahead.
The 8.8 billion Thai Baht ($241.7 million) facility will have an initial capacity of 100,000 vehicles annually.
Changan, a manufacturing partner of Ford and Japan’s Mazda in China, added it is considering setting up production facilities in Europe, as well as Central and South America, without revealing further details.
The two companies last month reached a RMB 11.5 billion deal for Changan to take a 10% stake in Huawei’s automotive business unit.
More Chinese automakers are making forays into the European market.
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