The European Union is launching an investigation into subsidies that China provides to electric vehicle makers.
BRUSSELS — The European Union is launching an investigation into subsidies that China provides to electric vehicle makers, the head of the bloc’s executive branch said Wednesday, as concern grows that the aid is harming European companies.
“As we do not accept this distortion from the inside in our market, we do not accept this from the outside,” von der Leyen said. “So, I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China.” Global automakers face growing competition in their home regions from Chinese brands that are taking market share.
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