June 17, 2024

BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official claimed in an exclusive interview with CNBC on Monday.

The European Commission last week announced plans to impose tariffs on imported Chinese electric vehicles starting July 4. The provisional decision followed a monthslong probe into the role of government subsidies in Chinese EVs.

China’s electric car industry has taken off after more than ten years of development. Domestically, it’s put not only Tesla under pressure but pushed traditional automakers and startups alike into fierce competition over car tech features and price. Slowing growth at home has also encouraged Chinese electric car companies to ramp up sales strategies for Southeast Asia, the Middle East and Europe.

Read more:

https://www.cnbc.com/2024/06/18/chinese-official-slams-eu-probe-into-ev-subsidies-as-selective.html