Hyperdrive
BMW’s Chinese EV Exports Are Target of EU Anti-Subsidy Probe
- Carmaker received EU questionnaire related to electric iX3 SUV
- EU probe, retaliation is risk to all EV makers in China: CFO
Attendees look at a BMW Ix3 during the 2023 Central China International Auto Show in Wuhan.
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BMW AG has received a request for information from the European Union about its iX3 sport utility vehicle, which it exports from Chinese production facilities, as part of the bloc’s probe into Beijing’s subsidies for electric-vehicle makers.
The German carmaker is currently filling out the questionnaires for the probe, Chief Financial Officer Walter Mertl told reporters Friday on a call. The questionnaires have to be answered within a week, providing details such as investments and manufacturing capacities for EVs exported from China, according to a BMW spokesperson.