The article discusses the pressing need for the EU to strengthen strategic partnerships with resource-rich countries in light of geopolitical tensions and the fragility of its electric vehicle (EV) industry, exemplified by Northvolt's recent struggles. The EU faces significant competition from China's booming EV market, where investments have led to a commanding share of global EV sales and critical mineral supply chains. Europe is urged to enhance its industrial capabilities and secure access to essential raw materials to mitigate risks presented by China's assertive policies and maintain its competitive edge in the global market.
The EU must prioritize strategic partnerships with resource-rich countries to ensure its energy security and competitiveness, particularly in the face of rising geopolitical tensions.
With China's dominance in the electric vehicle market growing, Europe is facing critical vulnerabilities in its supply chains and must enhance its industrial capacities for EV production.
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