E.U. escalates China tensions with probe to ward off cheap EVs
The European Union is launching an investigation into Chinese subsidies for electric vehicles in a bid to ward off a flood of cheap imports, an escalation that opens the door to retaliation which would hit the bloc’s carmakers hard. Taking an unusually aggressive stance, European Commission President Ursula von der Leyen said on Wednesday that the global market is flooded with cheap Chinese cars and that the bloc will fight back.
