Key facts
- Europe aims to level the playing field with China in the electric vehicle (EV) market by 2028.
- The strategy, dubbed 'Made in EU', involves utilizing Chinese technological advancements.
- This initiative seeks to boost European EV production and competitiveness.
Europe is formulating a strategic plan, branded 'Made in EU', with the ambitious goal of matching China's prowess in the electric vehicle (EV) sector by the year 2028. This initiative intends to harness Chinese technological advancements and expertise to bolster European domestic production and innovation in the rapidly growing EV market. The strategy is designed to address the current competitive gap and enhance Europe's position as a global player in electric mobility.