EU probe on Chinese EV imports leaves questions unanswered ...Middle East

A European Union anti-subsidy probe into China-made electric vehicles (EVs) threatens to slow Chinese auto manufacturers’ expansion in Europe and imports of these cars produced in the world’s second largest economy by non-Chinese companies like Tesla as well. And auto makers may have to wait until November 4 next year to find out their fate. The EU on October 4 launched an anti-subsidy probe into Chinese BEV imports, to ascertain if they are causing “economic injury” to EU EV producers, and may impose punitive taxes on them. It has up to 13 months to reach a verdict. Chinese EV makers are forecast to almost double their market share in Europe by 2025. Chinese car manufacturers make up a me

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EU probe on Chinese EV imports leaves questions unanswered ...Middle East

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