The Download: China’s EV success in Europe, and ClimateTech is coming
China’s electric vehicle sector has been lavished with fame and attention. But its global ambitions hit a roadblock this month when the European Commission launched an investigation into whether Chinese-made EVs benefit from excessive government subsidies.
If the inquiry finds evidence for this claim, which experts say is very likely, it could result in increased import duties for Chinese-made EVs, which would likely make them less competitive in European markets.
Many of the Chinese brands that are causing concern are well-known names in China, like the established giant BYD and the promising startup Nio. But there’s one name in the mix you might not expect—former British luxury sports car maker MG. Read the full story.
—Zeyi Yang
Zeyi’s story is from China Report, MIT Technology Review’s weekly newsletter giving you the inside track on all things happening in tech in China. Sign up to receive it in your inbox every Tuesday.
If you’re interested in reading more about China’s car sector, why not check out:
+ Europe is about to crack down on Chinese electric cars. The European Commission is set to launch an anti-subsidy investigation into Chinese automakers. Here’s what you need to know about the likely impact.
+ From generous government subsidies to support for lithium batteries, here’s how China managed to build a world-leading industry in electric vehicles.
+ China’s car companies are turning into tech companies. China has already won the race to electrify its vehicles. Now it’s pushing ahead and adding more features and services to attract new customers. Read the full story.
