It is noted that inspectors will visit the factories of BYD, Geely and SAIC, while representatives of the European Union will not inspect factories of non-Chinese brands.
The investigation, which began last October, is expected to last about 13 months. It must determine whether cheaper Chinese-made electric cars are unfairly benefiting from government subsidies in EU countries.
“The Commission has selected a representative sample of manufacturers from China and the EU who have already responded to questionnaires. The Commission will carry out verification visits in January-February 2024,” said Olof Gill, the European Commission’s trade representative.
The visits are for verification work – on-site inspections to check automakers’ responses to questionnaires, one of the sources said. In the documents of the European
The share of Chinese-made electric vehicles in the European Union grew to 8% by the end of 2023 and could reach 15% in 2025, while electric vehicles from China are on average 20% cheaper than models produced in the EU.
Last year, China overtook Japan as the world’s largest auto exporter, shipping 5.26 million vehicles worth about $102 billion to other countries, according to estimates from the China Automobile Association.
China is conquering the global electric vehicle market
In recent years, Chinese auto companies have been increasing their exports of internal combustion engine vehicles and electric vehicles to export markets.
We previously wrote that Chinese electric vehicle manufacturer BYD overtook Tesla in sales in the last three months of 2023, becoming the new global market leader. Even though Tesla achieved record sales in the fourth quarter.
Read about the reasons for the spread of Chinese cars around the world in the RBC-Ukraine article.
2024-01-13 01:16:11
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