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2025-12-03 13:58:32
[EU Plans to Push for 70% Local Production of Key Products, Potentially Increasing Costs for Companies by Over €10 Billion Annually] 1. According to the Financial Times, the EU plans to submit a draft of the Industrial Acceleration Act on December 10th, aiming to promote the localization of key products. The draft may require EU companies to ensure a higher percentage of European localization in their production, with specific requirements for industries such as automotive potentially reaching 70%. 2. The report cites EU officials as saying that this target percentage will be dynamically adjusted based on the importance and degree of foreign dependence of different industries. If the bill passes, companies may face pressure to procure more expensive European components, and the policy is expected to bring EU companies additional costs exceeding €10 billion annually. This move is seen as an important policy direction for the EU to strengthen supply chain security and enhance industrial autonomy.
