Renault set out a series of proposals to boost Europe's auto sector — making numerous references to how China has supported its own industry.
Renault CEO Luca de Meo said that reforms inspired by China could help to shore up Europe's automotive industry.
A Renault Espace E-Tech full Hybrid and a Megane E-Tech 100% Electric EV are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland.Renault's chief executive on Tuesday said that European policymakers should take inspiration from China as they look to boost the region's automotive industry in an increasingly tough landscape.
European Union politicians need to develop a new industrial strategy for the region and "deploy a regulatory framework with a stable base but open-ended content, on the same lines as the Chinese model," the report said. It called for the creation of a body to assess the impact of auto industry regulations.
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