Free Trial

MNI BRIEF: EC To Probe China’s Electric Car Exports

(MNI) Brussels

European Commission President Ursula von der Leyen announced Wednesday that the EC would be opening an investigation into China’s subsidies for electric vehicles in her State of the European Union address today.

“Europe is open for competition but not a race to the bottom,” she said in her annual State of the Union speech.

The EC chief said that the EU would however maintain an “open dialogue” with China’s leadership and again reiterated the strategy of de-risking not decoupling from China would not be unchanged. “This will be my approach with the Chinese leadership at the EU-CH summit later this year,” she said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.