Romania battling Slovakia for Chinese electric carmaker investment

Ovidiu Posirca 25/04/2018 | 14:13

Chinese Zhi Dou, a producer of electric cars that is controlled by Zhejiang Geely Holding Group, has narrowed its choice on where to build a new manufacturing plant to Slovakia or Romania, according to the Slovakian press.

The final decision of the Chinese carmaker on where it will eventually invest should come by autumn, according to the article published by Hospodarske noviny.

Romania has the upper hand in terms of offering subsidies, which can reach up to 50 percent of the investment. Slovakia offers up to 35 percent.

Meanwhile, BMW is also analyzing an investment on the Slovak market.

Ford and Renault’s Dacia are the two carmakers with operations in Romania.

Zhi Dou’s parent company also owns controlling stakes in Geely Auto and Volvo.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine June II 2024 Issue

The June II 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mihaela Bitu, ING Bank Romania: Banking makes dreams come true”. To
Ovidiu Posirca | 28/06/2024 | 12:25
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue