From Reuters via Yahoo Finance, September 13:
The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union automakers against Chinese electric vehicle (EV) imports it says are benefiting from excessive state subsidies.
EUROPEAN COMMISSION PRESIDENT URSULA VON DER LEYEN"Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies."So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China. Europe is open to competition. Not for a race to the bottom."
FRENCH EUROPE MINISTER LAURENCE BOONE"We won't let our market be flooded by over-subsidised EVs that threaten our companies just as it had happened with solar panels."
FRENCH FINANCE MINISTER BRUNO LE MAIRE"Let me welcome the probe launched by EU Commission President Von der Leyen into subsidies from which Chinese companies are benefiting. If those subsidies do not conform to the rules of international trade, Europe needs to be able to have a response, to stay competitive and defend its economic interest."...
....MUCH MORE
