Increasing role of China in EU’s automotive industry
In 2022, the domestic value added of the EU automotive industry attributed to non-EU consumers amounted to €78.9 billion, representing a 54% increase from 2010 (€51.1 billion) but a 7% decline in nominal terms from 2015 (€84.4 billion). In 2022, China was the largest consumer of EU vehicle products…
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