Chinese EVs hit with EU probe after massive surge of cheap electric vehicle imports
September 13, 2023
The European Union launched an investigation over Chinese EV subsidies as the global markets are “now flooded with cheaper electric cars.” European Commission President Ursula von der Leyen revealed the probe Wednesday, claiming Chinese EV makers benefit from state subsidies.
The EU probe could lead to potential tariffs, which would likely have significant impacts on the market and Chinese…