Competition is more challenging than tariffs
The CEO of Xiaopeng argues that imposing tariffs stifles technology rather than aids it. He will however abide by these requirements for Xpeng’s long-term development in Europe.
#xpeng #china #ev
#xpeng #china #ev
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00:00I don't think tariffs are a solution for technology, a solution for a better life, or a solution for a lot of problems.
00:11But as a company, I believe that as long as a policy is sustainable and stable, I think it's a good policy.
00:21So according to European law, whether it's tariffs or GDPR, we will strictly require small and medium-sized companies to develop in Europe for a long time.
00:33But I also believe that more and more Chinese companies, like small and medium-sized companies, will bring some different and differentiated capabilities.
00:44I think this is the most important thing we can do.