China Retaliates To EU’s Tariffs On Chinese EV, Asks Automakers To Halt Investments In EU Countries

China Retaliates To EU’s Tariffs On Chinese EV, Asks Automakers To Halt Investments In EU Countries

China has issued a stark warning to Europe and a stern message to its carmakers. According to a Reuters report,China has directed its carmakers to halt substantial investments in European nations that recently approved high tariffs on Chinese electric vehicles.After a year-long investigation, the European Union has introduced new tariffs on Chinese-built EVs, some as high as 45.3%.

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Unity is strength. China thinks collectively and EU cannot counter this.

[stephenlock]

This nonsensical "over capacity" narratives against the Chinese EV industry just takes the cake in the realm of absurdity. Can we also say that every non Chinese manufactured car sold into China were and are also the result of production "over capacity" by the US, European and Japanese car manufacturers?
A shameful inability to compete to be abused as the justification for all kinds of oppressions and suppressions of the Chinese EV cars is the lowest of the low that one can come out with.

[Justice-Zcjh]

Forget the western markets.China still has a vast Northern, Eastern, Southern and Contral markets to cover 👍🌈🎉

[AB__AB]

* Italy
* France
* Poland
* Netherlands
* Ireland
* Latvia
* Lithuania
* Estonia
* Bulgaria
* Denmark