China tells carmakers to pause investment in EU countries backing EV tariffs, sources say


SHANGHAI: China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe.

The new European Union tariffs of up to 45.3% came into effect on Wednesday after a year-long investigation that divided the bloc and prompted retaliation from Beijing.

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China , EV , automakers , investment , Europe , tariffs , BYD , SAIC

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