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)

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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