EU trade chief says the outcome of China EV probe cannot be prejudged
Publishing timestamp: 2023-09-26 01:35:08
Summary
The European Commission has launched an investigation into Chinese electric vehicle subsidies. The probe will focus on subsidies for electric vehicle production and will be conducted in line with EU and World Trade Organization rules. The outcome of the investigation is uncertain, and no assumptions should be made about its outcome. China's electric car exports have been increasing, and Chinese electric car companies are starting to expand to Europe. The EU's subsidy probe also considers the potential risk to the European auto industry. China has criticized the investigation as a protectionist act. The article also provides background information on China's electric vehicle ambitions and previous subsidies.
Sentiment: NEUTRAL
Tickers: VOW3-DE, 9866-HK, ZE594-CN, VOW-DE, TSLA, XPEV, NIO, 9868-HK,
Keywords: china, volkswagen ag, nio inc, international trade, valdis dombrovskis, technology, markets, stock markets, market insider, business news, foreign policy, economic events, tesla inc, byd co ltd, environment, autos, beijing, xpeng inc, breaking news: technology,