Csaba Killian, CEO of the Association of the Hungarian Automotive Industry, says Europe’s EV automakers are at risk of losing out to Chinese rivals over a possible lack of competitiveness and investment.
Category
🗞
NewsTranscript
00:00If the European car makers will not be competitive enough,
00:06they will not invest into new technologies in the next very short period of time relatively,
00:14in that case they could lose the competition against the Asian companies.
00:20The major players are the German companies
00:23and hopefully some Chinese companies will be here in the market.
00:28The main question is how the market will be growing.
00:34But we see that the market for the electric vehicles were reduced recently,
00:41so the car makers expected a much better market situation.
00:49And this uncertainty is a problem for all of them.