Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

Renault chairman warns of 'Chinese storm' over Europe's EV industry

  • By Al Mayadeen English
  • Source: News websites
  • 8 Jul 2023 23:42
  • 4 Shares
3 Min Read

Jean-Dominique Senard told Reuters that Europe has heavily relied on China for raw materials. 

  • x
  • Renault chairman warns of 'Chinese storm' over Europe's EV industry
    Renault chairman Jean-Dominique Senard believes that China's EV sector and raw material supply chain was the result of years of effort that would cost billions of euros to reproduce. (Bloomberg)

According to Renault Chairman Jean-Dominique Senard on Saturday, a "Chinese storm" is looming over Europe's electric vehicle industry.

Senard told Reuters on Saturday that China's recent move to ban exports of two metals used in semiconductors and EVs, gallium and germanium, should raise warning lights for European policymakers since it demonstrates the continent's over-reliance on China and the necessity to construct a costly supply chain.

China stated earlier this week that from August 1, purchasers of two chipmaking metals, gallium, and germanium, will need to apply for export licenses. Beijing's action has been interpreted as retaliation for Western restrictions on China's access to sophisticated chip manufacturing equipment.

"When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese (electric) vehicle imports into Europe," he explained.

Senard added, "We are capable of making electric vehicles, but we are fighting to ensure the safety of our supplies," detailing that China's EV sector and raw material supply chain was the result of years of effort that would cost billions of euros to reproduce.

Read more: Biden signs on $52.7 bln microchip investment bill to 'counter China'

Related News

Netherlands launches $58mln fund in quest to recruit top researchers

Trump slaps trade partners, Mexico, EU, with 30% tariffs from Aug. 1

China's export restrictions are intensifying a technological battle with the US, potentially disrupting global supply chains even more. Europe is caught in the crossfire, forcing it to seek alternatives in the worst-case situation.

Senard warned that "If there's a real geopolitical crisis, the damage to battery factories solely powered by products coming from outside will be considerable, that's the issue." He further said he believes that the development of alternative fuels, such as synthetic e-fuels and hydrogen, would be critical in the case of a sudden scarcity of batteries owing to a lack of raw materials.

"As any careful manufacturer would do... we're looking for alternatives to avoid paralyzing the country if, for example, we run out of batteries."

Yellen concerned about China's export controls

Europe is not the only one concerned with the issue as the US is also worried about recent Chinese export limits on rare earth elements used in microchips.

Janet Yellen, the US Treasury Secretary expressed in a discussion hosted by the American Chamber of Commerce that she was  "concerned about new export controls recently announced by China on two critical minerals used in technologies like semiconductors. We are still evaluating the impact of these actions, but they remind us of the importance of building resilient and diversified supply chains."

The Wall Street Journal reported last month that the United States is considering introducing more restrictions on chip exports to China, claiming concerns over the possibility of its use in the military and cyber industry.

Biden pledged late last month to increase US allies' engagement in the anti-China chip campaign.

 

  • China
  • Renault
  • electric vehicles
  • Europe

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS