The European Union is planning to introduce new rules that will require Chinese firms to transfer technology and build factories in Europe to qualify for EU subsidies. This move is aimed at reducing reliance on cheaper imports and promoting local manufacturing. The new rules will apply to a €1 billion battery development scheme launching in December. This initiative is part of the EU’s efforts to support its transition to greener technologies.
Critics warn that these tougher trade policies could disrupt EU climate goals by driving up costs for consumers. While the measures aim to support European industries, experts suggest they risk creating uncertainty and hindering innovation. The EU’s approach echoes China’s own rules for foreign businesses, which require them to share intellectual property to access its markets. This development highlights the complex dynamics at play in the global clean tech industry.
