Renault has joined forces with Stellantis and Volkswagen in a strong push for “Made in EU” manufacturing targets as the auto industry splits over how Europe can fight back against the rise of affordable Chinese electric vehicles.
In proposals submitted to European parliamentarians and policymakers on Friday, the three carmakers — which represent more than 60 per cent of EU vehicle production — called for a clear framework to sufficiently reward manufacturers that localise production and maintain vehicle engineering in the region.
“We want to ensure that Europe remains the global powerhouse in the automotive industry,” the three groups said in a joint statement. “We need a mechanism that favours European cars and industry . . . and this mechanism must be simple, easy to implement and control.”