Free Trial

MNI BRIEF: EU Probes Chinese Electric Vehicle Subsidies

The European Commission has launched its anti-subsidy probe into battery electric vehicles from China, adding to assessments announced on Tuesday regarding AI, advanced semi-conductors, quantum computing and biotechnology.

The EC said its investigation will first determine whether BEV value chains benefit from illegal subsidies and whether this is causing “economic injury” to manufacturers in the EU, which is seeking to “de-risk” its relationship with China. (See MNI INTERVIEW: German Carmakers To Be Green Economy Champions)

While the EC will take action if the complaints of Chinese subsidies are proved, it would look into the likely impact and consequences of any such counter-measures for consumers, EU industry and importers of BEVs.

“Based on the investigation’s findings, the Commission will establish whether it is in the EU’s interest to remedy the effects of the unfair trade practices found by imposing anti-subsidy duties on imports of battery electric vehicles from China,” it said.

MNI Brussels Bureau | david.thomas.ext@marketnews.com
MNI Brussels Bureau | david.thomas.ext@marketnews.com

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.