If you are a EU company worried about your data then mistral is your only option. Think about EU military companies. They can't use US and Chinese models.
If you want to use the model for something, where hiring a Chinese national to work on these tasks is a no go. Using a Chinese model is going to be a problem as well.
Some tasks and industries are so sensitive, that countries will not allow you to risk, that the model is aligned with Chinese interests and not yours.
I think you misunderstand how data processing works in a LLM. You absolutely can download the weights of a chinese model and run it on hardware you control.