3 articles | last updated: Jun 11 20:17:39
The European Union aims to counter Chinese EV imports sold at lower prices due to government subsidies, sparking concerns over the future of Europe's automotive sector.
- Tariffs on Chinese EVs are expected to rise from 10% to between 20% and 25%.
- European manufacturers struggle to compete with lower-cost Chinese EVs, such as BYD's $9,600 Seagull.
- The EU's move could provoke retaliatory measures from China, affecting European car exports.
- Industry leaders are divided on the effectiveness of tariffs, with some warning of broader economic impacts.
- Chinese automakers remain committed to the European market despite the looming tariffs.
People, Places and Things In This Story
- European Union Supranational political union
- Chinese Spoken language
- Europe Continent
- Electric vehicle Automotive class
- China Country in East Asia
- BYD Car make
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