From Cheap Cash to Tax Breaks, EVs in China Get Lots of Love
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The number of Chinese-made electric cars going to Europe has soared in recent months, prompting the European Union to earlier this week announce an investigation into whether those vehicles are being unfairly subsidized.
The probe follows similar dives in the past into products such as paper, steel, solar panels and electric bicycles, and may well lead to tariffs on exports of cars from Chiniese automakers like BYD Co., Nio Inc., XPeng Inc., or even US EV giant Tesla Inc., which exports cars to Europe from its gigafactory in Shanghai.