Business - Page 3
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China changes the rules of global trade as Europe scrambles to keep up
China’s rise as an economic giant has forced Europe to rethink its game plan. Salvador Beltrán breaks down how China’s system, population control, and focus on education have shifted the balance—and what this means for European industries.
Chinese car giants reshape Spanish factories in electric race
Chinese automakers are moving in. BYD, Geely, Chery, MG, CATL, and Leapmotor are setting up production and battery plants in Spain, sidestepping EU tariffs and changing the face of the country’s car industry.
Spanish police seize luxury cars and weapons at Venezuelan tycoon Betancourt’s Toledo estate
Spanish police stormed Alejandro Betancourt’s lavish Toledo estate, walking away with high-end cars, a UAE residency card, and a stash of firearms. The raid is part of a major investigation into suspected money laundering and tax evasion tied to Venezuelan oil funds.
Galician Industry Turns to Asia as Imports Surpass the Americas
Galicia is shifting its focus east. Imports from Asia have now overtaken those from the Americas, with textiles and cars leading the way. The regional government is doubling down on new partnerships and business opportunities.
Galloper returns to Spain with two new 4x4s named after Spanish mountains
Galloper is making a comeback in Spain with two new 4x4s, Anayet and Gredos, both named after iconic Spanish peaks. Backed by Spanish capital, the brand is betting on proven off-road tech, a strong local identity, and solid after-sales support.
Madrid prepares for robotaxis as Spain grants first national permit
Spain has issued its first-ever national permit for level 4 autonomous passenger vehicles. Uber, WeRide, and AVOMO are gearing up for robotaxi trials in Madrid, while Waymo launches a new Spanish subsidiary.
Tesla Roadster: new reveal date set after years of delays
After nearly a decade of shifting deadlines and bold promises, Tesla has finally named a date for the new Roadster’s big reveal. The electric supercar’s story is a mix of hype, missed targets, and lingering questions.
Volkswagen ID Cross Launches Production in Navarra, Marking Electric Milestone
Volkswagen Navarra has started production of the ID Cross, its first all-electric model, signaling a pivotal moment for the factory and Spain’s automotive sector. The new SUV will be shipped to 34 countries, underscoring the region’s growing role in Europe’s electric vehicle market.
BYD considers Spain for next European electric vehicle plant
BYD is close to choosing Spain as a finalist for its next European factory, a move that could significantly boost the country’s role in electric vehicle manufacturing. The decision is still pending, but competition among Chinese brands for Spanish production is intensifying.
Volkswagen aims for one million vehicles with electric drive in Iberia
Volkswagen is betting on compact electric cars to reach a million vehicles produced in Spain and Portugal by 2027. The launch of the ID.Cross in Navarra marks a turning point, with new models and expanded factories reshaping the region’s automotive landscape.
BYD narrows European factory search to Spain and France
BYD is focusing on Spain and France for its next European factory, prioritizing the purchase and rapid upgrade of an existing site to accelerate production and stay ahead of competitors.
Volvo отвечает на вызов китайских премиальных брендов: 13 новых электрифицированных моделей к 2030 году
Volvo запускает масштабное обновление модельного ряда: к 2030 году компания представит 13 новых электрифицированных автомобилей, рассчитывая удвоить долю на рынке Европы и укрепить позиции на фоне растущей конкуренции со стороны китайских премиальных марок. Шесть моделей будут доступны исключительно в Китае, каждая — с уникальными технологиями и дизайном для своего рынка.
MG2 electric car to be built in Spain as SAIC targets European rivals
SAIC will manufacture the MG2 electric car at its Ferrol plant from late 2028, aiming for 73,000 units annually. The model is designed to challenge the Renault 5 and MINI Cooper in the competitive B-segment.
BYD Recalls Over 183,000 Cars in China for Brake Pedal Defect
BYD is recalling more than 183,000 vehicles in China after regulators found a flaw in the brake pedal materials. The move puts the company under scrutiny as safety standards tighten across the auto industry.
Hyundai chief: Chinese carmakers are reshaping Europe’s auto market
Hyundai CEO José Muñoz openly acknowledges the strength of Chinese automotive technology and the scale of the challenge facing European and US carmakers as Chinese brands gain ground in key markets.
BYD eyes Spain for next European car plant as local production plans grow
BYD is close to choosing a site for its second European car factory, with Spain and France leading the shortlist. The company’s push for local production is a direct response to EU tariffs and new rules on local content.
Six Iconic Car Models Face Their Final Year in Spain
Audi, Ford, Mercedes and Volkswagen are set to discontinue several well-known models in Spain by 2027. With no replacements planned, buyers have a narrow window to secure these vehicles before they vanish from showrooms.
Lynk & Co 08 EM-P reaches 200,000 global sales and expands across Europe
Lynk & Co’s 08 EM-P plug-in hybrid SUV has surpassed 200,000 worldwide deliveries in under three years. With a 200 km electric range and a 540-litre boot, the model is now available in Spain and more than 30 other markets.
Lepas brings two new electric cars to Spain
Lepas will launch the L6 and L4 electric cars in Spain, aiming to meet both city and long-distance driving needs. The move is part of Chery group’s effort to grow its presence in Europe’s electric vehicle market.
Germany urges EU to expand tariffs on Chinese plug-in hybrid cars
Germany’s finance minister wants the EU to impose tariffs on Chinese plug-in hybrid cars, aiming to protect local carmakers as competition from China increases and European industry leaders call for stronger trade measures.
EBRO Named Exclusive Official Car for Spain’s Top Football Tournaments
EBRO will be the exclusive official car for Spain’s leading football tournaments over the next four seasons. The agreement with the RFEF expands the brand’s presence from national teams to club competitions, aiming to reach fans and families across the country.
Geely Galaxy Cruiser 700 draws nearly 44,000 preorders in one hour
Geely’s Galaxy Cruiser 700 made waves in China by collecting almost 44,000 preorders within its first hour. With a striking design, hybrid power, and a starting price under €26,000, the SUV is now preparing for its European launch.
EU Proposal on VAT Deductions for Company Cars Leaves Spanish Fleets in Limbo
A leaked European Commission document has stirred concern over the future of VAT deductions for company cars in Spain. Despite the rumors, no law has been passed, and the proposal is still under discussion, leaving businesses uncertain about what comes next.
Nissan Kicks e-Power to be built in Sunderland for European launch
Nissan is bringing its Kicks e-Power SUV to Europe for the first time, with production set for Sunderland and a £170 million investment. The move signals a new phase in the brand’s electrification strategy and manufacturing footprint.
Spanish Scrap Yards Demand Action Against Online Parts Fraud
Spanish scrap yard operators are calling for urgent reforms on Wallapop after a surge in fraudulent car parts listings. Criminals are impersonating legitimate businesses, leaving buyers at risk and damaging the reputation of authorized recyclers.
Spain Becomes the New Base for Chinese Car Manufacturing in Europe
Chinese carmakers are no longer just exporting to Spain—they’re building factories there. With Chery, SAIC, and Stellantis investing heavily, Spain is quickly turning into the EU’s new automotive center, challenging Germany and France.
Spain becomes Europe's new car capital
Chinese automakers are making fast inroads in Spain, challenging established brands and changing the face of the European car industry. Industry expert Tu Le explains why Spain is now at the center of this shift and what it means for the future of mobility.
BYD ETT 44 electric truck charges in twenty minutes with 651 kWh battery
BYD has launched the ETT 44, a heavy-duty electric truck with a 651 kWh LFP battery and up to 1,000 hp. Thanks to MCS fast charging, it can recover 60 percent of its battery in just twenty minutes, setting a new benchmark for commercial transport.
Spain becomes the European launchpad for Chinese electric cars
Chinese electric car makers are moving fast in Europe, and Spain is now at the heart of this shift. Industry consultant Tu Le explains how Spain became the key battleground for the future of the car industry.
Chinese Firms Take Over Key Spanish Car Factories
Chinese companies now control or partner in six major Spanish automotive plants. The latest change puts VW’s Sagunto battery factory under Gotion’s management after a Korean partner pulled out.
Anthropic opens Madrid office, urges early AI regulation
Anthropic has opened its Madrid office, betting on Spain's fast-growing AI market and calling for regulation before risks escalate. The move highlights Spain's rising profile in Europe's AI sector.
Anthropic opens Madrid office as AI industry faces calls to slow down
Anthropic has launched its Madrid office and named Cristina Pitarch as head of Spanish operations. The company is urging a pause in AI development to address security risks. Major Spanish firms are already using its Claude assistant.
Nissan Kicks e-Power begins production in Sunderland for European market
Nissan will build its Kicks e-Power hybrid SUV for Europe at the Sunderland plant in the UK, marking a major investment in local manufacturing and a new step in the company’s electrification plans for the region.
Used Car Risks Surge for Spanish Small Businesses
More than half of used cars sold in Spain in 2026 carried risk factors in their history. For freelancers and small companies, these hidden issues can turn a bargain into a costly setback.
Uber begins autonomous vehicle tests in Madrid after DGT approval
Uber has received permission from Spain’s DGT to test level 4 autonomous vehicles in Madrid. The pilot, which uses 20 cars, is an early step toward driverless robotaxis and could change how people get around in Spanish cities.
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