Published: July 6th, 2023,
Last updated: May 28th, 2025

Shanghai state-owned automaker SAIC has started the search for a manufacturing site in Europe. Caixin reported this, citing a press meeting with company CEO Yu De. Yu has plans for Europe because his company sold 115,000 cars in the EU in the first half of the year, an increase of 143 percent, the report says. Overall, a sales boom of good and affordable Chinese EVs is emerging in the EU.