From Fortune:

China’s electric vehicle industry is causing concern for global automakers due to the flood of inexpensive Chinese EVs hitting overseas markets. EU officials are investigating whether Chinese carmakers have an unfair advantage through government subsidies and supply chain efficiencies, with fears of lost profits amounting to 7 billion euros per year for European carmakers by 2030. Chinese EVs are expected to become a disruptive force in the U.S. market, with the potential to dominate due to their unmatched price competitiveness.

The Chinese electric vehicle industry is causing concern for global automakers as inexpensive Chinese EVs flood overseas markets. EU officials are investigating whether Chinese carmakers have an unfair advantage through government subsidies and supply chain efficiencies, with fears of lost profits amounting to 7 billion euros per year for European carmakers by 2030. Chinese EVs are expected to become a disruptive force in the U.S. market due to their unmatched price competitiveness.

Chinese electric vehicle manufacturers are rapidly expanding and posing a significant threat to automakers in Europe, with fears that they could cost European carmakers 7 billion euros per year in lost profits by 2030. The EU has announced an investigation into whether Chinese EV makers have an unfair advantage through government subsidies and supply chain efficiencies, with Chinese-made EVs selling for 20% less than those made in the bloc.

Chinese electric vehicle manufacturers are rapidly expanding and threatening to dominate the global EV market, with their supply chain efficiencies and government subsidies giving them an advantage. The EU is investigating whether Chinese EV makers have an unfair advantage, and their share of the European EV market has grown to 8%, with the potential to reach 15% by 2025. This poses a significant threat to European carmakers, potentially costing them 7 billion euros per year in lost profits by 2030.

Chinese electric vehicle manufacturers are rapidly expanding their presence in global markets, with the U.S. being the only market where they have not yet made a big impact. However, Chinese EVs are expected to become a disruptive force in the U.S. due to their unmatched price competitiveness. American automakers have scaled back their EV ambitions, and industry leaders are on edge as they anticipate Chinese rivals entering the market.



Read more: EV overproduction in China draws government scrutiny