EU Investigates Chinese Electric Cars: A Challenge for Global Automakers

European Commission President Ursula von der Leyen's recent announcement of an "anti-subsidy investigation into electric cars from China" has sent shockwaves through the automotive industry. As China's electric car industry gains momentum, it poses a significant threat to established players like Volkswagen and has raised concerns about unfair competition. China's prowess in car production has catapulted it into a major…