Reported 7 months ago
European automakers are concerned as the European Commission imposes tariffs on Chinese electric vehicles (EVs), potentially leading to ramifications for European automakers due to the impact on their Chinese business and their imports of Chinese-made vehicles. The announcement has left German automakers, especially BMW, worried about the potential consequences. While Chinese automakers are relatively silent, some like Nio and BYD have plans to build cars in Europe to bypass the tariffs, which could have significant effects on the European auto industry's transition to electric vehicles.
Source: YAHOO