Tesla, BMW China exports caught in EU EV subsidy probe

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Tesla and European automakers that export from China to the European Union will be part of the bloc’s probe into whether the country’s electric vehicles industry is receiving unfair subsidies, the Financial Times reported, citing Brussels’ most senior trade official.

The European Commission has launched an investigation into whether to impose punitive tariffs to protect EU producers against cheaper Chinese EV imports that it says are benefiting from state subsidies.

EU executive…

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