The European Commission formally opened on Wednesday the anti-subsidy investigation into electric vehicles (EVs) coming from China to analyze financial support and possible "injuries" that the imports from that country may have caused into the European market from 1 October 2022 to 30 September 2023.
According to the document, the available evidence indicates that there are potential "threats" "such as a surge of low-priced imports" and the possibility of "gaining significant market share in a rapidly growing market" for Chinese EVs.
The Chinese Ministry of Commerce stated strong dissatisfaction and firm opposition to the EU's anti-subsidy probe decision. Beijing argued that the EU's decision is based on subjective assumptions, lacks sufficient evidence, and goes against World Trade Organization (WTO) rules, according to a statement posted on the Ministry's website on Wednesday.
