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China EVs sink as EU launches probe into subsidies
September 13, 2023 9:34 AM EDTShares of Chinese electric vehicle manufacturers Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and XPeng (NYSE: XPEV) experienced a decline in early trading Wednesday morning following a Bloomberg report that the European Union has initiated an inquiry into Chinese electric vehicle subsidies.
The European Commission president said that Brussels will launch an anti-subsidy... More
