Ningbo Huaxiang decided to abandon its European business and focus on the Chinese and North American markets

Faced with long-term losses in its European business, Ningbo Huaxiang finally decided to give up and sell its European business, including six companies in Germany, Romania and the United Kingdom. In the future, it will pay more attention to the Chinese and North American markets. Especially with the advancement of the construction of Tesla's Mexican factory and the increase in demand from OEMs for Chinese parts manufacturers in North America, Mexico has become Ningbo Huaxiang's strategic focus in the North American market.