China tells carmakers to pause investment in EU countries backing EV tariffs, Reuters reports
- China has instructed its carmakers to stop major investments in European nations that support higher tariffs on Chinese electric vehicles, according to two sources briefed on the matter.
- The European Union imposed new tariffs of up to 45.3% after a year-long investigation, which has led to a response from Beijing.
- Chinese carmakers, including BYD, SAIC, and Geely, were advised to pause investment plans in countries that supported the tariffs and target those that opposed them, as per the ministry meeting.
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Total News Sources0
Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
C 57%
R 43%
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