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Carlos Tavares, general manager of Stellantis, denounces this Tuesday, October 18 on franceinfo the absence of “reciprocity” between the European Union market, which taxes Chinese car manufacturers at 10%, while Beijing sets 25% its customs duties.
“The European Union rolled out a red carpet in front of Chinese manufacturers“, denounced this Tuesday, October 18 on franceinfo the general manager of Stellantis Carlos Tavares. He accuses the European Union of having offered “Chinese manufacturers much more favorable competition conditions in Europe than they are favorable for Western manufacturers on the Chinese market“. Carlos Tavares believes that there is “10% [de taxe] to enter Europe and 25% to enter the Chinese market”.
For Carlos Tavares, because of this lack of “reciprocity“, “we will have to fight on the affordable dimension of the products” that he sells and this fight “will be rough“.”The Chinese have yet to reveal their full pricing intentions, but we can expect them to be relatively aggressive“, advances the boss of Stellantis. He fears that the Chinese manufacturers “seek to position themselves below the price of French and European manufacturers“.”It is absolutely essential that our mobility be safe, clean and affordable so that the middle classes have access to it“, adds Carlos Tavares.
“We will only stay in China as long as we make profits there.“, assures the general manager of Stellantis. Carlos Tavares does not hear “ask [ses] operators from the rest of the world to compensate for any losses that may be made on the Chinese market“. He explains that his company makes a profit in China “under certain conditions, in particular by selling vehicles imported from Europe and the United States”. “Anything that does not generate profits will obviously be at risk”, he specifies.