Reported about 1 year ago
In an extensive investigation led by the EU, it was revealed that Chinese electric vehicle (EV) manufacturers are receiving subsidies throughout the entire supply chain, causing an uproar in the automotive industry. The EU imposed significant tariffs on EV imports from China, resulting in potential trade tensions between the two regions. This move was met with strong opposition from China, leading to threats of retaliatory measures. The investigation identified widespread subsidies provided by the Chinese government at every stage of the EV production process, impacting European market competitiveness and prompting the imposition of import duties.
Source: YAHOO