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EU says it has evidence of direct payments and other subsidies to China EV makers

MG3 Hybrid Geneva show 2024
SAIC's MG Motor will challenge Toyota and Renault in the budget electrified small car market with the new hybrid-powered MG3 that debuted at the Geneva auto show on Feb. 26. (DENIS BALIBOUSE/REUTERS)
PS
By:
Peter Sigal
March 05, 2024 10:26 PM

The European Commission says it has evidence the Chinese government is subsidizing EVs exported to Europe through “direct transfer of funds” and other mechanisms.

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