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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla (finance.yahoo.com)

submitted 4 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”

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[–] HauntingScience@programming.dev 11 points 4 months ago (1 children)

There is no “fair” under capitalism. What I read from this is that the EU has failed its citizens on promoting and helping regional brands to compete on the global market.

When the global market speaks, you can either adapt or do nothing and complain. It’s clear which one is the path the EU is choosing.

[–] hagelslager@feddit.nl 3 points 4 months ago

Stellantis is mostly European, it's FIAT and Peugot with their other brands. I'm fairly certain they get enough subsidies and tax breaks. That this Italian/American/French company is registered in the Netherlands shows that some tax-dodging is involved as well. I think it's a case of the pot calling the kettle black.

(Also, Volkswagen Group is the bigger European car manufacturer.)