EU carmakers pave way for Chinese rivals as balance in market shifts

Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the marchThe Chinese carmaker Xpeng is on the hunt for a factory in Europe. Volkswagen is aiming to reduce the number of its factories. It seems like it should have been the perfect set-up for a deal.Yet there was one problem with the plant on offer, according to Elvis Cheng, Xpeng’s managing director for north…