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People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. Lillian Suwanrumpha/AFP via Getty Images
The European Union is expected to announce a tariff on Chinese electric vehicles (EVs) in early June as a result of the anti-subsidy investigation the European Commission launched last October.
The probe aims to find out if the Chinese EVs exported to the EU market have received excessive subsidies, leading to unfair trade practices.
