Jinwu Financial News | According to reports, Qian Xie, head of European business at Dongfeng Group Co., Ltd. (00489), was quoted as saying that preliminary discussions are underway with the Italian government to build a local factory, which produces more than 100,000 vehicles a year, and the authorities will provide factory site options in the next few weeks. Qian Xie expects that the plant will mainly produce hybrid vehicles, which can be supplied to other European markets in the future.
In response to the news that it plans to build a factory in Italy, Dongfeng Motor responded that after internal verification, the company has no such plans yet, and this information is untrue.