Stellantis CEO Tavares Says Chinese Carmakers Will Not Go To Germany, France Or Italy To Produce Cars, As They Would Have Cost Disadvantages, Starting Form Energy Costs; Says EU Duties On Chinese EVs Will Accelerate Plant Closures By European Automakers
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Stellantis CEO Carlos Tavares stated that Chinese carmakers are unlikely to produce cars in Germany, France, or Italy due to cost disadvantages, particularly energy costs. He also mentioned that EU duties on Chinese EVs could lead to accelerated plant closures by European automakers.
October 14, 2024 | 12:47 pm
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Stellantis CEO Carlos Tavares highlighted cost disadvantages for Chinese carmakers in Europe and warned that EU duties on Chinese EVs could lead to plant closures by European automakers.
The statement by Stellantis CEO Tavares suggests a challenging environment for Chinese carmakers in Europe, which could indirectly benefit Stellantis by reducing competition. However, the potential for plant closures due to EU duties on Chinese EVs could also impact Stellantis negatively if it leads to broader industry challenges.
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