Renault CEO asks EU to encourage Chinese car makers to source parts in Europe

BRUSSELS, June 10 (Reuters) - Renault's Chief Executive Francois Provost on Wednesday said the European Union should encourage Chinese car makers to go beyond assembling cars in Europe and source auto parts in the region too.

"I think the good way for Europe is really to set a deal with China based on this strategy," said Provost, speaking at an industry event in Brussels.

Several European car makers have signed deals with Chinese companies to manufacture Chinese models in European assembly plants that have overcapacity.

Provost said, however, that 95% of the added value is done by auto part makers, so Europe would gain if Chinese makers sourced more of their parts locally.

(Reporting by Gilles Guillaume;Editing by Sudip Kar-Gupta and Inti Landauro)