China tells carmakers to pause investment in EU countries backing EV tariffs, sources say
FILE - An EV from MG, a brand of Chinese state-owned carmaker SAIC, is seen through the glass of a car showroom in Santander, Spain, June 13, 2024.
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.
Ten EU members including France, Poland and Italy supported tariffs in a vote this month, in which five members including Germany opposed them and 12 abstained.
Chinese automakers including BYD, SAIC, and Geel...