Reported 27 days ago
China has instructed its automakers to pause significant investments in European countries that back new tariffs on Chinese-made electric vehicles, following a recent EU vote supporting the tariffs. This move is seen as a response to the new tariffs of up to 45.3%, which could further divide Europe. Chinese companies are encouraged to invest in countries that opposed the tariffs while being advised to avoid discussions with European governments individually. The directive highlights China's efforts to leverage negotiations with the EU and address potential declines in EV exports, especially given the challenging trade environment with the U.S. and Canada.
Source: YAHOO