Stellantis CEO Calls for Incentives for European Carmakers Amid Rising Chinese Competition
Stellantis CEO Antonio Filosa has urged European regulators to create stronger incentives for carmakers manufacturing in the region, as competition from Chinese automakers intensifies. Speaking ahead of the Paris Motor Show, Filosa emphasized the need for a level playing field and regulation that rewards local production under the EU's 'Made in Europe' initiative. This comes amid declining sales at Stellantis, which is undergoing a $70 billion turnaround strategy due to waning demand. Chinese car brands have rapidly expanded their presence in Europe, with global auto-sales share rising nearly 70% from 2020 to 2025. European trade commissioner Maroš Sefčovič announced that China agreed to halve its hybrid vehicle exports to the EU after initial resistance. The news led to a rise in shares for Stellantis, Renault, and other automotive suppliers like Valeo and Forvia.
Topics: Chinese carmakers European market regulatory policy Stellantis