The European Commission has recently announced that it has launched an anti-subsidy investigation into China's electric vehicles (EV). China has expressed strong dissatisfaction over the move, and the move also caused concern among insiders in the EU automotive industry. BMW's chief financial officer Walter Mertl warned that the EU should not have imposed punitive tariffs on Chinese EVs and are concerned about the countermeasures China would take, which would impact all international carmakers doing business there. Walter added that the history reveals that such tariff outweighs the unilateral tariff, and the backlash, like a boomerang, can be bigger than what one imagined.
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