Spain becomes the new hub for Chinese carmakers in Europe
Chinese carmakers are turning their focus to Spain. With major investments in factories and battery plants, Spain is quickly becoming a basic player in Europe’s auto industry.
Business - Page 5 695 news
Leapmotor eyes Madrid plant as B10 tops Spain’s electric SUV sales
Leapmotor’s B10 has surged to the top of Spain’s electric SUV market, but the company has yet to decide which model will be built in Madrid. The choice could shake up Spain’s EV industry.
IMF plans Caracas office for first half of 2027
The IMF plans to open an office in Caracas during the first half of 2027. The move follows renewed data sharing and Venezuela's return to international financial engagement.
Santander brings UBS back for Brazil takeover bid
Santander has hired UBS for its €1.9 billion Brazilian offer. The mandate revives a relationship strained by the failed appointment of Andrea Orcel.
Raventós Codorníu sets a new profit record
Raventós Codorníu has posted the strongest EBITDA in its history. Sales reached a new high despite volatile markets and record costs, while net profit is expected to rise 17%.
Codorníu weighs asset sales after record profit
Raventós Codorníu has posted its highest net profit while reviewing possible asset sales. Carlyle is still considering offers for a majority or minority stake.
Alejandro Hamlyn walks free in Dubai after Spain fails to act
Alejandro Hamlyn, wanted in Spain for a massive VAT fraud, is out of detention in Dubai. Spanish officials never filed the extradition request, allowing the high-profile businessman to go free despite the major criminal case against him.
BYD narrows search to Spain or France for next electric car plant
BYD is close to choosing between Spain and France for its second European plant. The decision, expected by year-end, could shake up the electric car market and bring new competition to the region.
Chery eyes OMODA and JAECOO launch in China as exports soar
Chery is weighing a sharp turnaround: bringing its export hits OMODA and JAECOO back to China. With domestic sales falling fast, the automaker is looking to its global brands for a way forward.
Lepas L8 lands in Spain: Chery’s new hybrid SUV takes on a crowded field
The Lepas L8 arrives in Spain with 279 horsepower and 90 km of electric range. Its starting price is under 34,000 euros. Chery Auto is betting on sharp design and technology to stand out in a market already full of Chinese brands.
Tesla pulls ahead in Spain as Volkswagen and BYD chase new electric records
Tesla’s Model 3 and Model Y are leaving the rest behind in Spain’s electric car market this September. Volkswagen rolls out its most powerful GTI ever, while BYD sets its sights on solid-state batteries by 2027. The market is changing fast.
Bizum Pay reaches 20 million Spanish shoppers
Bizum is moving beyond person-to-person transfers in Spain. Major banks now let customers pay in physical shops with their phones, while Santander has yet to join the rollout.
Volkswagen launches ID. UNYX 09 electric sedan with 730 km range—China only
Volkswagen has rolled out the ID. UNYX 09, an electric sedan with up to 730 km of range and 503 horsepower. Developed with Xpeng, the car is intended for China only, leaving European buyers waiting.
Castilla-La Mancha attracts 129.2 million euros in foreign investment
Foreign investment in Spain reached 12.446 billion euros in the first half of 2026, up 31.2% from a year earlier. Madrid and Catalonia took the largest shares, while Castilla-La Mancha received 129.2 million euros.
Nissan bets big on electric cars in Spain with new models and smart tech
Nissan is reshaping its European strategy with new electric cars and software for Spain. The company is rolling out models and technology as it responds to rivals and changing regulations.
Bizum Pay brings in-store payments to Spanish shops
Bizum Pay is expanding across Spanish shops, giving almost 20 million people a way to pay in person. Bankinter and CaixaBank are widening access while tying the rollout to offers for new customers.
Volkswagen Navarra starts mass production of ID Cross electric SUV
Volkswagen’s Navarra plant has begun building the ID Cross, a major step in the group’s shift to electric cars. The move places Spain and Portugal at the center of Volkswagen’s European EV plans.
Bizum Reaches 1.6 Million Spanish Shops for In-Person Payments
Bizum payments are now accepted at more than 1.6 million Spanish establishments. The service reaches 20 million users and covers around 75% of bank terminals.
Luxeed RX takes aim at China’s electric SUV heavyweights with big tech and bold looks
Luxeed is set to shake up China’s electric SUV market with the RX, a five-meter coupe-SUV launching September 28. With advanced sensors and a 21,000 rpm motor, plus a lower starting price thanks to a new battery, the RX is poised to challenge established rivals.
Moroccan car factories outpace Spain with record low absenteeism
Morocco’s car factories are pulling ahead of Spain on wages and worker attendance. Absenteeism is below three percent, and a younger workforce is helping make the country a serious rival for European automakers seeking efficiency.
ORA 5 takes aim at Spain’s compact SUV crowd
GWM is stepping into Spain with the ORA 5, a compact SUV aimed at established rivals. With sharp styling and petrol, hybrid and electric options, the ORA 5 could challenge one of Spain’s toughest car segments.
Amazon puts 50 Mercedes eActros 600 electric trucks on German roads
Amazon Germany is adding 50 Mercedes-Benz eActros 600 electric trucks to its logistics network this year. The move puts electric heavy trucks into service and marks a new step toward cleaner freight in Europe.
Nio CEO faces European owners as electric car rollout stalls
Nio has put its European plans on hold, suspending new models and battery swap stations until at least 2027. CEO William Li is heading to Amsterdam to meet frustrated owners and address the fallout.
BYD M9 luxury van lands in Australia with record electric range
BYD has launched the M9, a luxury plug-in hybrid van with up to 145 kilometers of electric range and seating for seven or eight. The M9 undercuts rivals on price and brings advanced tech to Australian families and business fleets.
Electric cars cut deep into Spanish dealerships’ repair profits
Spanish dealerships are losing their basic source of workshop profit as electric cars require far less maintenance. Independent garages are stepping up, forcing the industry to rethink a business model that has lasted for decades.
Tesla Model 3 tops Spain’s car market as Chinese EVs take over
Tesla’s Model 3 is now Spain’s most-registered car this September, beating even the usual hybrid leaders. Chinese brands fill the electric top ten, while European models barely make a mark.
Priscila de Oliveira breaks barriers in Spanish construction
Priscila de Oliveira is one of the few women running a construction business in Spain. Her story shows what women face in a field still run by men. More women are joining, but the gap remains wide.
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 approach. Salvador Beltrán explains how China’s system shapes population control and education, shifting the balance and affecting European industries.
Chinese car giants reshape Spanish factories in electric race
Chinese automakers are moving in. BYD, Geely, Chery, MG, CATL and Leapmotor are planning or establishing production and battery operations in Spain, seeking to avoid EU tariffs and reshape the country’s car industry.
Spanish police seize luxury cars and weapons at Venezuelan tycoon Betancourt’s Toledo estate
Spanish police raided Alejandro Betancourt’s lavish Toledo estate, finding luxury cars, a UAE residency card and firearms. The operation is part of a major investigation into suspected money laundering and tax evasion linked to Venezuelan oil funds.
Galician Industry Turns to Asia as Imports Surpass the Americas
Galicia is shifting its focus east: imports from Asia have overtaken those from the Americas, led by textiles and cars. The regional government is pursuing 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 Spanish peaks. Backed by Spanish capital, the brand is betting on proven off-road technology and a strong local identity, with after-sales support also in the plan.
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 preparing robotaxi trials in Madrid, while Waymo has established 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 set a date for the new Roadster’s reveal. The electric supercar’s story is marked by hype and missed targets, with questions unresolved.
Volkswagen ID Cross Launches Production in Navarra, Marking Electric Milestone
Volkswagen Navarra has started building the ID Cross, its first all-electric model, at a turning point for the factory and Spain’s automotive sector. The new SUV will go to 34 countries, giving the region a larger foothold in Europe’s electric vehicle market.