Caixin Explains: EU Probe Into Chinese EV-Makers’ Alleged State Support
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Chinese electric-vehicle (EV) manufacturers’ European business has ballooned in recent years as the demand for all things green sky-rocketed. But for some in the region, China’s automakers have been doing too well, and as they have been rapidly gaining market share, they have drawn the ire and suspicion of local authorities.
On Oct. 4, the European Commission officially launched an investigation into whether Chinese EV-makers are benefiting from alleged state subsidies that allow them to undercut their European Union (EU) rivals.