The problem is that their performance is too far away from the latest generation of Asian models.
They had kept up in the mid-range a few years ago. But this standing is sadly long gone.
If you need a fast Opensource'ed LLMs you can go for EU-hosted DeepSeek or Qwen.
By this logic the Chinese should have just given up and let the American AI companies have the market because they were so far behind. I'm sure Europe has the capability to distill other people's frontier models to catch up if they wish to do so.