EV makers such as Tesla could fall under Europe’s subsidy probe into China, EU’s trade chief says
- Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation on China that the European Union kicked off earlier this month.
- “At this stage the scope of this investigation is not decided yet. So we are doing the pre-initiation consultations with Chinese authorities and the scope is still to be determined, so what has been announced so far from the commission side is that strictly speaking it does not cover only Chinese brand electric vehicles,” Valdis Dombrovskis, executive vice president of the European Commission, told CNBC on Thursday.
- The EU started a probe into subsidies that China has given to EV makers after gathering evidence of significant distortions in the European market, where vehicles produced in the bloc are facing cheaper steep competition from cheaper offerings of products made in China.
Published September 28, 2023 5:12PM