EU Weighs New Tariffs on Chinese EVs Amid Market Shift

Chinese automakers face potential trade barriers as they expand in Europe, raising concerns over competition and sustainability.

BYD plans a second European factory, despite the EV market slowdown and potential tariffs.
Nio's CEO criticizes the proposed tariffs as detrimental to global sustainable development.
European automakers fear retaliation from China, which could impact their profits and market share.
Chinese EVs are gaining traction in Europe, expected to reach 10% market share by 2025.
The EU's decision could affect its 2035 targets for phasing out internal combustion engines.