China’s EV Exports to EU Slump at Start of Year Amid Probe

(Bloomberg) — China’s exports of electric vehicles to European Union countries dropped by nearly a fifth during the first two months of the year, according to official Chinese data, amid a probe by Brussels into unfair subsidies of the industry.

Over 75,600 EVs shipped to the EU’s 27 member countries in January and February, Chinese customs data showed, down 19.6% from last year.