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European carmakers
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- 1Volkswagen took €1.5bn in German EV subsidies amid EU-China tariff push▼Volkswagen benefited from €1.5bn in German EV subsidies as it lobbies EU to hit Chinese cars harder
Volkswagen has received €1.5bn in German subsidies for electric vehicle development while simultaneously lobbying the European Union to impose tougher measures on Chinese carmakers, EUobserver reports. The report has drawn criticism over the automaker relying on state support at home while pushing for protection against foreign competition in the European market.
- 2UBS says Europe underestimates the Chinese car challenge●Europe’s Chinese car challenge is bigger than policymakers realize, UBS says
UBS argues that the threat posed by Chinese carmakers to Europe's auto industry is larger than European policymakers currently appreciate. The bank's assessment adds to growing concern that Chinese manufacturers, with their cost and technology advantages, could take significant market share from established European brands faster than regulators and industry leaders have planned for.
- 3
Sales of Chinese hybrid cars are growing rapidly in the European Union even as the bloc imposes tariffs on Chinese-made electric vehicles. The tariffs, introduced to counter alleged subsidies, apply mainly to battery-electric models, so manufacturers are increasingly exporting hybrids, which fall outside the measures, to keep a foothold in the European market.
- 4LG Chem and Volkswagen team up on new materials●LG Chem teams with Volkswagen to develop new materials
South Korean chemical maker LG Chem and German automaker Volkswagen have announced a partnership to develop new materials. The collaboration signals growing cooperation between battery and materials suppliers and carmakers as the auto industry works to secure supply chains and advance technologies such as lighter components and next-generation battery materials. Details on the scope and value of the deal have not been disclosed, but industry watchers view it as another step in deepening ties between Asian suppliers and European automakers.
- 5
European automakers are reportedly facing intensifying competition from the artificial intelligence industry for access to critical supplies, as demand for components and raw materials needed for both sectors grows. The report highlights rising pressure on supply chains at a time when carmakers are also navigating the shift to electric vehicles.
- 6Ford CEO warns over Chinese automakers' push into Europe▼Ford CEO urges caution over Chinese automakers, cites influx into Europe
Ford's chief executive has urged caution over Chinese automakers, pointing to their growing influx into the European market. The remarks highlight concern among established Western carmakers about intensifying competition from low-cost Chinese electric vehicle manufacturers expanding abroad.
- 7Europe's carmakers compete with AI for chips and materials●Europe’s carmakers compete with AI for chips and critical materials
European carmakers are competing with the fast-growing artificial intelligence industry for supplies of semiconductors and critical raw materials, according to Euronews. As AI data centres expand rapidly, they are driving up demand for chips and materials such as lithium and rare earths that the automotive sector also depends on for electric vehicles, intensifying competition and raising concerns about supply security for European manufacturers.