Three Chinese EV Giants Revealed as Subjects of EU Subsidy Probe

What’s new: Three of China’s biggest automakers have been picked as the sampled companies subject to an anti-subsidy probe the European Union is launching into new electric cars imported from China, according to a European Commission document seen by Caixin.

Multiple entities tied to BYD Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., and SAIC Motor Corp. Ltd. were placed on the sample list after the European Commission analyzed information received from manufacturers that export Chinese-made EVs to the European Union, said the document, which was dated Wednesday.