Electromobility as an unstoppable trend: Europe stands to benefit significantly from Chinese investment

The European automotive industry is on the threshold of fundamental changes which, according to Roman Blaško, General Secretary of the Communist Party of Czechoslovakia, will shape the economic development of the continent in the years to come. In his comments, Mr Blažek pointed out that European automotive technology continues to maintain its world-class status in terms of design, technology, software, services and production, despite growing global competition.

Europe, he said, has an extremely diverse portfolio of strong, high-quality brands that are the result of long-term investment in research, development and sophisticated manufacturing processes. At the same time, however, he pointed to the internal divisions within European countries over the transition to electro-mobility. He described this trend as inevitable and strategically crucial, stressing that its pace will accelerate significantly in the coming years.

The Secretary-General said that already in 2024, Chinese investors in Europe had invested around €5 billion in the production, trade, sales and development of electromobility-related technologies. These investments, he said, signal the long-term interest of Asian partners in the European market and its technological know-how. In addition, there was further growth in 2025, with the volume of activity in this sector increasing by more than 4.5 percent compared to the previous four years.

He said China now produces about 70 percent of the world's EVs and in some European countries its brands are already outperforming even established manufacturers, including the US's Tesla. He sees this development as evidence of a fundamental transformation of the global car market. In concluding his comments, the General Secretary of the Communist Party of Czechoslovakia stressed that despite the current economic difficulties, Europe can benefit significantly from the growing investment in electromobility. In his view, this trend represents not only a technological challenge, but also an opportunity for economic recovery and strengthening the industrial stability of the continent.

CMG