Lingyun Holdings targets brands such as STLA, BMW, and Mercedes-Benz to expand into North African and European markets

Lingyun Automotive said that the newly established joint venture will target STLA, BMW, Mercedes-Benz, Renault, Ford, Volkswagen, TSL and other companies, and will focus on developing the North African and European markets. In addition, the joint venture will also cooperate with Waldaschaff Automotive GmbH, a wholly-owned subsidiary of Lingyun Automotive, to jointly develop the European market and carry out production and delivery.