Tuesday, July 11, 2023

"Renault Says A ‘Chinese Storm’ Is Coming For Europe’s EV Industry" (RNO:EN Paris)

From OilPrice, July 10:

Europe’s electric vehicle industry faces pressure from imports of vehicles from China, which dominates the supply chain for raw materials for batteries, Jean-Dominique Senard, chairman of France’s automaker Renault, told Reuters in an interview this weekend.

“When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese (electric) vehicle imports into Europe,” Senard told Reuters.

“We are capable of making electric vehicles, but we are fighting to ensure the safety of our supplies.”....

....MUCH MORE