What next / course of action for Chinese and European manufacturers
In mid-September, Ursula von der Leyen, President of the European Commission, announced an investigation into China’s financial support for its own manufacturers of new energy vehicles (“NEVs”) in the European Parliament in Strasbourg. On Wednesday, 4 October 2023, the European Commission has officially launched the anti-subsidy proceedings pursuant to Article 10 (8) of Regulation (EU) 2016/1037.