Subsidy Investigation Sent China’s EV Exports to the EU Plunging by 20%

Chinese EV exports to the European Union slumped by 19.6% in January and February 2024 compared to the same period last year as the EU continues its investigation into whether China’s subsidies are giving its auto manufacturers an unfair advantage over other EV makers. In the first two months of 2024, China exported around 75,600 EVs to the EU, according to official Chinese customs data reported by Bloomberg on Tuesday.    In October, the EU launched anti-subsidy investigations into EU imports of battery electric vehicles…