China business faces new challenges as EU pushes clean-tech localization
The European Commission has proposed sweeping legislation to strengthen domestic manufacturing in green technology, imposing strict local-content requirements and investment limits on sectors including electric vehicles, batteries and solar panels. Unveiled Wednesday, the draft Industrial Acceleration Act would introduce a “made in the EU” mandate for projects seeking public procurement contracts or state subsidies, marking the bloc’s most aggressive push yet to rebuild its industrial base and reduce reliance on foreign supply chains.
