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PARIS (Reuters) – Renault (EPA:) held talks this week with China’s Li Auto (NASDAQ:) and Xiaomi (OTC:) on electrical and clever automobile applied sciences, the French carmaker mentioned on Friday, opening the door to potential collaboration on expertise with the 2 corporations.
KEY QUOTE
“Our CEO Luca de Meo engaged in pivotal conversations with business leaders, together with our companions Geely and Dongfeng, key suppliers but in addition the brand new gamers just like the founders of Li Auto and Xiaomi Know-how,” Renault’s procurement and partnerships chief Francois Provost mentioned in a submit on LinkedIn.
WHY IT’S IMPORTANT
The talks on the Beijing Autoshow come amid an more and more tense relationship between Europe and China, with the European Fee launching a collection of probes into Chinese language exports.
Amongst them, it’s investigating whether or not the rise in gross sales of Chinese language EVs on the continent is because of unfair subsidies. China disputes the declare and has accused Europe of protectionism.
CONTEXT
De Meo has mentioned Europe faces a tough balancing act to each defend its market and study from Chinese language automotive producers, that are far forward in improvement of EVs and their software program.
Renault already companions with China’s Geely in thermal and hybrid powertrains, and collaborates with tech corporations Google (NASDAQ:) and Qualcomm (NASDAQ:) in sensible cockpits.
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