Everything we know about the EU inquiry into Chinese electric cars
It was the big surprise of the State of the Union speech: the European Union is launching a trade inquiry into Chinese electric vehicles.
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NewsTranscript
00:00 Global markets are now flooded with cheaper Chinese electric cars.
00:14 And their price is kept artificially low by huge state subsidies.
00:20 This is distorting our market.
00:24 And as we do not accept this distortion from the inside in our market, we do not accept
00:30 this from the outside.
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00:51 Europe is open to competition, but not for a race to the bottom.
01:11 We must defend ourselves against unfair practices.
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