The European automotive industry chain faces three major challenges

The European automotive industry chain is currently facing three major challenges: First, the transformation of automotive electronics and electrification is not as good as expected, the demand for electric vehicles in Europe and the United States is sluggish, and the transformation speed and effect of traditional car manufacturers are not as good as those of new car manufacturers such as Tesla and Chinese brands; second, the challenges in the two major markets of China and the United States have intensified, and the strong performance of Chinese brands in the Chinese market has put pressure on the three major German car manufacturers; third, the US tariff policy is unstable, and high tariffs are imposed on global automobiles and parts, which has brought additional burdens to European car manufacturers.