China’s EV Exports to EU Slump at Start of Year Amid Probe
- Shipments during January-February fall by nearly 20%
- China business group says decline a sign of protectionism
BYD electric cars at the international container terminal of Taicang Port in Suzhou, China.
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China’s exports of electric vehicles to European Union countries dropped by nearly a fifth during the first two months of the year, according to official Chinese data, amid a probe by Brussels into unfair subsidies of the industry.
Just over 75,600 EVs shipped to the EU’s 27 member countries in January and February, Chinese customs data showed, down 19.6% from last year.