VDA calls for more industrial policy in the competition with China

Because of the enormous demand for renewable energies and raw materials for the transition to electromobility, the German automotive industry is pressing for alliances with other countries. The volume cannot be produced in Europe alone, said the head of the German Association of the Automotive Industry (VDA), Hildegard Mueller. Germany, therefore, needs dedicated programs for energy and raw material partnerships, an active raw material foreign policy. „The global markets for energy partnerships are already being distributed, and currently still largely without Germany. If we don’t act quickly here, we will be left empty-handed,“ the VDA head warned. China, for example, is securing its huge hunger for raw materials in Africa.