European car industry in crisis: Falling sales and competition from China

European car industry in crisis: Falling sales and competition from China

Slowing the production of cars with internal combustion engines down and at the same time drive the production of cars with electric engines forward – these are the goals set by the European Union and its member states. Despite subsidies for EVs introduced in some countries, sales of electric cars are crashing and the European car market is plunging into crisis.

China’s Xi Jinping tests European unity with tour to France, Serbia and Hungary

China’s Xi Jinping tests European unity with tour to France, Serbia and Hungary

On his first European tour in five years, Chinese President Xi Jinping visited European leaders in France, Serbia and Hungary. While relations with Belgrade and Budapest are blossoming, Paris – and European Commission chief Ursula von der Leyen – failed to persuade the Chinese leader to soothe the EU’s concerns over global trade and Russia’s war in Ukraine.