Europe Should Show More Confidence In Dealing With Market Competition

 Europe Should Show More Confidence In Dealing With Market Competition A few days ago, the head of the EU administration, Ursula von der Ley...

 Europe Should Show More Confidence In Dealing With Market Competition

A few days ago, the head of the EU administration, Ursula von der Leyen, announced the results of the investigation on the issue of preventing Chinese-made electric cars from receiving discounts from the government.

Regarding this issue, the European countries discussed a lot. Some who have full knowledge of the European countries show that the decision of the EU shows the fear of competing in a fair and balanced way for some European countries.

In the past few years, electric vehicles have shown a strong competitive advantage, and the main reason for this is that Chinese companies have focused on this issue from an early stage and have increased their innovation capacity. kirkire, has a complete system of production of such cars than others. In contrast, European countries have been focusing on gasoline-powered cars for a long time, although they have been slow in reforming to shift to that. As a result, some European countries and major car companies are worried that Chinese cars will dominate their markets. This is the reason why the EU has started to investigate the issue. (Amina Xu)