Key facts
- European carmakers are forming a survival pact with Chinese rivals.
- The pact is a response to declining sales within the European automotive sector.
- This strategy is viewed as a considerable gamble for European automotive companies.
European car manufacturers are forging a strategic alliance with their Chinese counterparts in an effort to navigate a period of declining sales. This collaboration, described as a survival pact, represents a high-stakes gamble for the European automotive sector as it confronts market challenges.