Italy's To-Do List: Lure in Chinese EVs
Will Chinese cars play the role of catfishes in a relatively stale automobile industry in Europe?
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Today, we’re covering:
Italy lures Chinese investment and cars to rejuvenate its local automobile industry
The U.S. listed as China’s third-largest trading partner, trailing behind ASEAN and EU, according to data for the past seven months
Sportsmanship exhibited by an NFL player towards China’s top athletes
According to Reuters, negotiations between the Italian government and China’s state-owned Dongfeng Motor Group have reached the final stages. A new factory for hybrid power automobiles in Italy is expected as the outcome of the negotiation. Insiders reveal the possibility of the Rome government holding a minority stake in Dongfeng’s investment in Italy, marking a fruitful follow-up of Italian Prime Minister Giorgia Meloni's visit to China at the end of July, as noted by analysts.
During her visit, Meloni signed a three-year action plan with China’s Premier Li Qiang, which includes six agreements covering electric vehicles, renewable energy, industry, food safety, and education…
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