Hungarian car chief questions Europe’s competitiveness and investment

CGTN Europe

Csaba Killian, CEO of the Association of the Hungarian Automotive Industry, says Europe’s EV automakers are at risk of losing out to Chinese rivals over a possible lack of competitiveness and investment.

Transcript

00:00If the European car makers will not be competitive enough,

00:06they will not invest into new technologies in the next very short period of time relatively,

00:14in that case they could lose the competition against the Asian companies.

00:20The major players are the German companies

00:23and hopefully some Chinese companies will be here in the market.

00:28The main question is how the market will be growing.

00:34But we see that the market for the electric vehicles were reduced recently,

00:41so the car makers expected a much better market situation.

00:49And this uncertainty is a problem for all of them.

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