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Car wars loom as EU tries to halt tide of China’s electric vehicles
Chinese carmakers are genuinely more competitive and slapping tariffs on them could backfire. Better to get them to make cars in Europe instead.
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China’s exports of EVs to Europe are growing at a furious pace.
PHOTO: REUTERS
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“Europe is open to competition but not for a race to the bottom,” said European Commission president Ursula von der Leyen in her annual State of the Union address to the European Parliament on Sept 13.
She was referring to China’s subsidies for electric vehicles (EVs)
