
Volvo CEO Hakan Samuelsson offered the automaker's European factories to sibling brands Geely, Zeekr, and Lynk & Co for faster, cheaper EU entry as stricter investment rules loom. BYD plans production at a new Hungary plant this year. SAIC's MG Motor will establish its first European assembly plant in Spain's Galicia region.
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Summary by ByteBrief
Infineon opens €5B Dresden chip factory on July 2