EU Starts Investigating Chinese EV Subsidies As Imports Skyrocket

9/19/2023 2:06:25 PM

(MENAFN- Investor Brand Network) European Union authorities are launching a prob into China's government support for local electric makers amid a surge in European imports of Chinese electric cars. A global race to electrification is well underway ,and China seems to be winning. The East Asian nation represents the largest electric vehicle market on the globe and is home to some of the world's best-selling EV companies.

During a recent European parliament meeting, European Commission President Ursula Von der Leyen said that China has used massive state subsidies to...

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