The European Commission, the executive arm of the European Union, unexpectedly launched an investigation Wednesday on the level of state subsidies that benefits China's electric vehicle makers.
He added that Chinese cars exported to Europe are generally retailing at nearly double of its prices in mainland Chinese markets. This comes a day after the European Commission, the executive arm of the European Union, unexpectedly launched an"Personally, I firmly oppose the EU's assessment on China's new energy vehicles," Cui Dongshu, secretary-general of the China Passenger Car Association, said in comments on his personal WeChat account, according to a CNBC translation.
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