Trade Tensions Escalate As EU Delves Into Chinese EV Subsidies ...Middle East

The European Union has officially started its anti-subsidy investigation into Chinese electric vehicles. The EU is investigating because it claims that emerging data indicates a probable surge in government-backed, low-cost imports, putting an already fragile EU sector at immediate risk. The inquiry will focus specifically on newly produced electric vehicles intended for carrying nine or fewer passengers; motorcycles, however, are not part of the current probe and the investigation is expected to wrap up within a year, according to an update by…

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