Why Europe is planning a crackdown on Chinese electric cars
Automobile

Why Europe is planning a crackdown on Chinese electric cars

By Eduardo Saverin

Visitors look at electric cars of Chinese car brand BYD at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany.

Synopsis

In recent years, China has become a major exporter of cars, mostly thanks to the country’s dominance in producing electric vehicles. Companies such as MG, BYD and Nio have been making major gains in the European market. This growth has raised alarms for the domestic automobile industry in the continent, responsible for over 6% of total employment in the EU.

Zeyi Yang The boom has finally been lowered on Chinese electric-vehicle companies. On September 13, European Commission president Ursula von der Leyen used her State of the Union speech to announce that the organization is launching an “anti-subsidy investigation into electric vehicles coming from China.” The move—which could have serious ramifications for global automakers—has long been in the making. In recent years, China has become a major

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MIT

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Eduardo Saverin