‘Buy European’ push highlights reliance on China EV supply chain

The European Union’s newly proposed Industrial Accelerator Act — often described as Europe’s answer to the US Inflation Reduction Act — appears less aggressive toward Chinese electric vehicles than expected. Rather than curbing China’s grip on the EV supply chain, the policy highlights how difficult it may be for Europe to reduce its reliance on Chinese batteries and components — a reality that could create fresh challenges for Korean automakers and battery makers in the world’s second-largest E

By The Korea Herald