Stellantis bets on Morocco in the face of Chinese competition

Carlos Tavares, CEO of Stellantis, said that the lack of “domestic” aid in Spain and tough competition from China are forcing investment outside Europe, particularly in Morocco.

The CEOs of the main European manufacturers stress the urgent need to reduce the prices of electric cars to face the tough competition from China, which offers low-cost and ecological (zero emission) vehicles. This is why they are asking MEPs to review the Community texts relating to decarbonisation objectives.