As Chinese automakers including BYD and Nio look to expand in Europe, the region’s incumbents are divided over how Brussels ought to respond.
Carlos Tavares, who heads Fiat and Peugeot maker Stellantis, warned Tuesday that competition will be fierce given the head start China has jumped out to in building batteries and affordable electric vehicles. During the inauguration of a battery factory in northern France, he reiterated his view that Europe’s political leaders ought to come to the aid of homegrown manufacturers that are struggling to keep pace.