A proposed "Made in EU" bill could force Japanese electric vehicle manufacturers, including Toyota, to significantly increase local production within the European Union or face trade restrictions. The legislation aims to boost domestic manufacturing and reduce reliance on imports, potentially reshaping supply chains for automakers operating in the region. Companies may need to adjust production strategies to comply with new sourcing requirements, raising concerns about costs and operational challenges. The move reflects broader efforts to strengthen Europe’s industrial autonomy in critical sectors like automotive technology.
Looming 'Made in EU' bill threatens Toyota and other Japanese EV makers asia.nikkei.com
