The EU should encourage Chinese carmakers to open more plants in the bloc as part of a deal to drop punitive tariffs on imported Chinese electric vehicles, the boss of Mercedes-Benz has said.
Ola Källenius, who is also president of EU car industry body Acea, said China had asked European carmakers to invest domestically to access its market decades ago, and that approach could form part of a solution to the trade dispute.
“Nobody disagrees about the fact that the level playing field is a legitimate discussion. The question is, what tool do you use?” Källenius told the Financial Times in an interview. “Don’t accelerate protectionism because . . . we have much to lose.”
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