EU reviews state aid for China’s electric cars – Economy

In China, German car manufacturers are already left behind by domestic brands when it comes to electric vehicles. And concerns about Chinese competition are also growing in Europe. That’s why EU Commission President Ursula von der Leyen is now taking a step forward. She announced a so-called anti-subsidy investigation against vehicles from China. “The price of these cars is artificially depressed by huge government subsidies – this distorts our market,” said von der Leyen on Wednesday in the European Parliament in Strasbourg. That is not acceptable. World markets would be flooded with cheaper Chinese electric cars.

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