Surprisingly, Opel has announced that it does not want to expand to China. The background is growing geopolitical tensions.
Car maker Opel is shedding its plans to expand its business into the Chinese market. The background to this is growing geopolitical tensions between the communist leadership in Beijing on the one hand and the USA and the European Union on the other, reports the “Handelsblatt”. A spokesman for the Opel parent company Stellantis confirmed the decision on Friday when asked.
Because of the current challenges in the automotive sector, it is more important than ever for Opel to set clear priorities. “Against this background and considering the volume required to make a real impact, Opel is currently on hold of plans to enter the Chinese market,” the company said. In July 2021, the company’s management announced that it would launch Opel on the Chinese market as a purely electric brand.