Chinese EV Makers Retreat from Europe as Trade Tensions Rise

As we have reported over the last year, EU authorities have been doing everything in their power to stifle EV production based in China, fearing that the lower cost models coming from the east are warping the European market and putting domestic producers at a disadvantage. Now as part of its ongoing jousting with European regulators, China is now telling its automakers to pause investment in EU countries.  China has instructed its automakers to halt major investments in European countries supporting higher tariffs on Chinese-made EVs, according…