Renault CEO: It's time to "make a deal" with China's car industry

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Chinese competition could help Europe's car industry grow, says Luca de Meo, but not if we don't let it

Renault Group CEO Luca de Meo says now is the time for Europe's car industry to "find a deal" with China, after the European Commission imposed substantial import tariffs on Chinese-built EVs. De Meo, who has long been vocal in his belief that protectionist policies are an ill-conceived means of fostering competition, was speaking to journalists at the Paris motor show, shortly after tariffs of between 17.4% and 35.3% were imposed on all EVs built in China and shipped to Europe.

He suggested that working with the Chinese industry – rather than restricting its ability to compete internationally – could be a "stimulus" for Europe's car manufacturers, "because we have to reinvent ourselves". "We have to invest in new powertrains – not only electric – and we need to invest in software, because our capability in Europe is not enough," he said.

 

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