Chinese EV subsidies will be investigated by EU over concerns they're distorting the market with cheaper prices

In her State of the Union speech, the European Commission president said the bloc's market was being distorted because the price of Chinese EVs is"kept artificially low by huge state subsidies."

"And as we do not accept this from the inside, we do not accept this from the outside," Von der Leyen added. The investigation could mean the EU would impose tariffs to make the vehicles more expensive in the bloc — aiming to negate the Chinese government's financial support of its country's EV companies.

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