Chinese EV-Maker Zeekr Sweeps Into Europe Amid Subsidy Spat

(Bloomberg) — Electric-vehicle (EV) maker Zeekr is banking on extra momentum from sister brands like Volvo Car AB to push into Europe, just as Chinese carmakers’ ambitions in the region move into the crosshairs of global trade tensions.

The brand, part of billionaire Li Shufu’s sprawling auto empire that includes stakes in Mercedes-Benz Group AG, started European sales of two models just weeks ago and plans to add another seven by 2025. The aspirations could hit a roadblock should the European Union impose extra import tariffs on Chinese EVs, after opening a probe into state aid last week.