China Must Be Stopped From Flooding EV Market, EU’s von der Leyen Warns

Published on May 9, 2024

European Commission President Ursula von der Leyen said in Berlin on May 8 that Europe needs to prevent China from flooding the EU market with its heavily subsidized electric vehicles. “Fair competition is good. What we don’t like is when China floods our market with massively subsidized electric cars. And we have to tackle this, we have to protect our industry,” she said at the Christian Democrats’ party convention. Ms. von der Leyen also urged EU countries to unite in response to the economic threats from outside, calling on all EU finance ministers to finally pull together to complete a long-discussed capital markets union....

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