Renault Chairman Raises Alarm on China's Growing Influence in Europe's EV Sector

Renault Chairman Jean-Dominique Senard has warned of a "Chinese storm" looming over Europe's electric vehicle (EV) sector, highlighting China's dominance in key raw materials for EV batteries. China's recent decision to restrict exports of gallium and germanium, used in semiconductors and EVs, raises concerns about Europe's over-reliance on China and the need to build a costly supply chain. Senard emphasized the importance of developing alternative fuels, such as synthetic e-fuels and hydrogen, in the event of a sudden shortage of batteries due to a dearth of raw materials.