The New Trade War: China's Dramatic Rise In the EV Market

05 Jun 2023 | Abstracted from Techspot

"Eurostat, the EU's statistical agency, released the latest data on car trade. China now accounts for nearly 50% of Europe's EV imports...China is now a net exporter of cars probably for the first time in its history, and most of this growth is attributed to electric cars.

"The US and China have been in a trade war for several years, and we believe this latest data significantly raises the probability of the EU getting involved..."

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