Prior to last week’s announcement of an anti-subsidy probe into Chinese electric vehicles from Brussels, German car industry executives had been hearing that a move was afoot.
“We knew something was coming, but not that it would be announced in such a political way,” said one industry insider. The EU’s move was placing German carmakers, which command a fifth of the Chinese market, in a precarious position, the person added.
There is now widespread concern in Germany that Beijing, which has become embroiled in a tit-for-tat trade war with the US, might unleash its own punitive measures against European carmakers.
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