I think translated from CEO-speak, that means, "Chinese EV manufacturers are currently eating our lunch and dinner with their superior hardware and software and bundling and pricing and we need more than 10 years to get our act together."
This has nothing to do with "Europe's car market." It's all about the market share of European manufacturers. I love them to be strong and healthy, but not at the expense of the planet. Get your act together, you've wasted enough time already.
It's even worse than that! The calories burned show up in the atmosphere as additional CO2! We need to urgently strap everybody to a chair or bed so they stop burning all those calories!!! /s