During his fourth China visit in four years, Spanish PM Pedro Sanchez toured Xiaomi Group and test-drove Chinese EVs. Two years ago, Europe was concerned about the so-called overcapacity of Chinese EVs and batteries flooding the market. Why the change? Song Xin, former policy advisor at the European Parliament, highlights three gifts China offers Europe: mature supply chains, a talent pool and an open market as a testing ground. The prospects for EU-China industrial cooperation are vast.