There is no reason to hinder the progress of Chinese carmakers in Europe, however there is a need for a definitive industrial strategy to allow established automakers on the continent to compete with them, Renault Group CEO Luca de Meo said at the Munich motor show, Autocar reported.
“The only thing we can do is to accept that, to actually look at them and be humble, but not playing the victim,” de Meo told the magazine. The CEO rejected suggestions that Europe should adopt policies such as the Inflation Reduction Act (IRA) used in the United States, saying that the rapid growth of new players in a market doesn’t necessarily mean that they would dominate the market, the report wrote.
“When the Japanese and the Koreans came to Europe, it was the same thing. They can play the game,” de Meo said, adding that the total of all non-European brands in Europe make up 25%, and not the vast majority.
“We also have to recognise that globally we’re in the kind of race that’s a form of asymmetrical competition. America is playing the protectionist game with IRA and we’re facing on the other side a Chinese ecosystem that’s supported heavily by authority, by clear industrial policy, including subsidies on manufacturing, giving money for investment,” de Meo said.
Chinese automaker BYD plans to open two EV production plants in Europe, according to a report late last year. This will enable BYD to not just meet growing demand for its products, but to also bypass tariffs imposed by the European Union upon products from China, according to the Bloomberg report at the time.
“The thing that isn’t in the habits or the rules of the European community [is manufacturing support]. We tend to finance innovation projects but not manufacturing, so you get the money to develop a platform but not to put the platform on the line,” he continued, adding that the current system of subsidies in the region only supports research and development, but not manufacturing development.
The ACEA (European Automobile Manufacturers’ Association) is set to publish a study in the coming weeks, wrote Autocar, and the study is conducted by an independent body and which compares the structures and impact of the systems in the US, China and in Europe. While it is difficult to compare them, the study will be useful, said de Meo.
European manufacturers “want to be listened to” by the European Commission, the Renault Group CEO said, and suggested that imposing carbon-reducing regulations upon carmakers are not a suitable substitute for structured support.
The CEO said that car companies in Europe must demonstrate that they can achieve the collective decarbonisation goals in their own way, suggesting that simply mandating the end of sales of combustion-engined vehicles does not make a comprehensive decarbonisation strategy, Autocar wrote.
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Coming from the CEO who sells his own company engine division to geli and urge Nissan to do the same thing, i am not suprised at all lmao. Just gulung tikar la Renault. You are not relevant anymore
Still got people here ask go back Tongsan. These people never been to Tongsan before.
Why should i? I am not an ounce interested to know their culture anyway. Dumb ccp
@Peppa, you will never be able to understand their culture even if you wanted to. Google global IQ rank bro. Your intelligence level is too far behind. Impossible for you to really understand any east asian cultures bro. Not your level
Japan and Korea are my favs. China taiwan? Not so much lmao. You are right. As a Malaysian myself, i am far outclass mainland chinese in term of cleanliness and attitude.
AMDK CECA forever climax while provoking chinese KeK
Before we start dissing Renault, just watch this..
https://www.youtube.com/watch?v=fpgv1iN9HR8
They built race winning F1 car, driven by Fernando Alonso to win F1 Championship in 2005 & 2006.
To ask them to gulung tikar is like not recognising their engine design capability.
Yes, we appreciate that.
But… but… but that one so yesterday brother…
Mommyyyy….mat salleh bully me…
Kill In Action
Of course you can’t block them from entering your market, just as they allowed you to enter their market decades ago.
these europeans more worried they kena block in china actually
EU has fair trade and anti-monopoly law, cannot simply block people do legit business
Yeah tell that to our USA puppet PM and his China-hating Kominis komarads
Betul bro. Semua yang sokong puak barat (pembunuh umat islam di palestine dll) dan benci china adalah mangsa media barat yang tujuannya menyokong misi setan yang maha besar. Our anti-china and pro west politicians are Yahudi followers
Well that escalated quickly.
You boys are obviously high on illegal narcotics substances
Illegal narcos comes from? The West. So ini semue salah Barat.
The global illegal drug trade originates mainly from Asia (Golden Triangle & Golden Crescent) & Latin America (Colombia, Peru & Bolivia), smuggled into the West, not from the West.
Well at least it’s fair competition then no?
China numba one