Europe shouldn't be afraid of Chinese electric cars, says Mercedes-Benz CEO

• The CEO of Mercedes-Benz called on the European Union to cut tariffs on Chinese electric cars.
• "That is the market economy. Let competition play out," he told the Financial Times.
• The trading bloc doesn't want Chinese EV makers like BYD to undercut European manufacturers.

The boss of Mercedes-Benz wants the European Union to cut tariffs on Chinese electric cars, which he argues will force European companies to make better vehicles.