China, EU are open to talks on plans to hike tariffs on Chinese EVs

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehiclesFILE - Leapmotor vehicles are parked outside a showroom in Hangzhou in eastern China's Zhejiang province on May 14, 2024. China and the European Union are open to holding talks on the EU’s recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles, officials from both sides say.

The European Commission, the EU’s executive arm, said preliminary results from an investigation into Chinese EV subsidies showed the country’s battery electric vehicle “value chain” benefits from “unfair subsidization” that hurts EU rivals. “The two sides agreed to launch consultations on the EU’s anti-subsidy investigation into Chinese electric vehicles,” it said.

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