A 'Chinese storm' is looming over Europe's growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia's superpower dominates key raw materials to make batteries for zero emission cars.
Renault's chairperson Jean-Dominique Senard looks on during a visit by the French President to the site of the future factory of Japan-based battery maker Envision AESC group, where Renault SA develops an electric-vehicle manufacturing hub, in Douai, France June 28, 2021. Ludovic Marin/Pool via REUTERS/File Photo
"When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese vehicle imports into Europe," Senard said. China's export restrictions are escalating a technology war with the United States, potentially causing more disruption to global supply chains. Europe finds itself in the middle of the spat, compelling it to look for alternatives in the worst-case-scenario.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Model Y Rules Supreme In Europe (Europe EV Sales Report) - CleanTechnicaTesla continues to be the best selling brand in Europe, but Volkswagen is recovering Some 253,000 plugin vehicles were registered in May in Europe — which is +38% year over year (YoY). Unfortunately, the overall market also grew fast, +18%, surpassing 1 million sales. It is finally recovering from a couple of bad years. Last […]
Read more »
Renault Trafic van Review 2023The Renault Trafic has been a big name in the medium-sized Van market for a long time, but is the latest version worthy of a space on your shortlist? Our full review verdict is in:
Read more »
Top Marine selected to be the next senior enlisted adviser to Joint Chiefs chairmanThe Marine Corps' current sergeant major has been selected to be the next senior enlisted adviser to the chairman of the Joint Chiefs of Staff, Pentagon officials said Friday.
Read more »
Jack M. Rains, founding chairman of Harris County Houston Sports Authority Board, diesHarris County - Houston Sports Authority (HCHSA) and the organization’s Board of Directors announced the passing of the board’s founding chairman Jack M. Rains Thursday. harrisco sports kprc2 click2hou
Read more »
Weather satellite captures stunning video of lightning crackling over EuropeOne of the most powerful weather satellites ever launched has captured breathtaking video of lightning over Europe and Africa
Read more »
My dead hamster loved to travel — so I’m taking his ashes around Europe“The idea is that we’re tracing his ‘paw-steps’ and actually going to the places that he ‘visited’ during his lifetime,” said Lisa Murray-Lang.
Read more »