Posted 10/4/2023, 9:45:00 AM
EU Launches Investigation into Alleged Chinese Electric Vehicle Subsidies
- European Commission officially starts anti-subsidy probe into Chinese electric vehicles
- Probe initiated by Commission, not industry complaint as usual
- Follows pressure from France to defend against cheaper Chinese EVs
- Germany concerned about retaliation from China, sparking trade war
- Investigation will look into imports of new Chinese battery EVs to EU
- Commission will seek reactions from China and companies
- China complains about lack of consultation and short timeline
- Commission must prove Chinese exporters got harmful subsidies
- Provisional tariffs in 9 months, definitive in 13 months max
