EU regulation: Next key technology in China's focus: Heat pump manufacturers looking for takeover targets in Europe
The Commission wants to reduce funding for technology from China - and is causing serious concerns in the People's Republic. Companies are exploring how they can produce in Europe.
Several Chinese heat pump manufacturers are planning to acquire or significantly invest in European production capacities, alarming EU representatives. The European Union is concerned about maintaining control over this key technology and preserving industrial sovereignty. At least three Chinese conglomerates are seeking to access EU heat pump factories, according to industry advisor Nicholas Matten.
The EU is considering legislation, the Industrial Accelerator Act (IAA), which would prioritize state funding for European technology, potentially limiting support for non-EU heat pumps. Some EU countries, including Italy, Germany, and France, are already restricting Chinese products or introducing regulations to favor EU-made heat pumps.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
