>the second generation will be built in Europe starting in 2027

I'd rather more they'd be "designed in EU" as well, as that's the most complex and highest value add of a product's margins. That's why iPhones, are "Designed in California and Made in China". Imagine where the US economy would be if they'd be the ones assembling iPhones tha Chinese workers would be designing.

If future EU cars will just be "Designed in China, Assembled in the EU" just to brag about EU manufacturing, then I have very bad news for the EU economy.