The EU has announced an anti-subsidy probe into China’s electric car industry in an attempt to shield European manufacturers before they are priced out by Chinese rivals.
While imports of Chinese electric vehicles represent only a small share of the bloc’s market, they are growing fast and could hit 15 per cent within two years — in a repeat of what the EU experienced with solar panels more than a decade ago.
“We cannot afford to lose our car industry,” said a senior EU diplomat.
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