Salem Radio Network News Saturday, September 30, 2023


China says EU probe into Chinese EV exports, subsidies is protectionist


( ) -q-22- UNDATED (Correspondent Jeremy House) “gain an edge.”

China’s Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles.

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Title: CHINA-EU-house-q-THUam
Out-cue: gain an edge]

TAG: Correspondent Jeremy House reporting. Automakers like BYD and Geely have quickly gained market share after launching sales of EVs to Japan and Europe.

VERBATIM: The ministry says the E-U’s decision is a protectionist action aimed at distorting the supply chain. The EU says it will probe government subsidies provided to Chinese automakers that the union contends keep EV prices artificially low. China has become the biggest market for electric vehicles after investing billions in subsidies to gain an edge.

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