Automakers in Europe are facing tougher emissions rules this year, and face cumulative fines amounting to $15.6 billion if they fall short of targets
As Donald Trump tests America's ties with some of its closest allies, China is quickly emerging as the West's hedge against his tariff threats
China is currently the world’s dominant supplier of clean technologies, and the EU has been uneasy over its dependence on Beijing for them
Despite stalled talks between both the sides, it is unlikely that Beijing would want to torpedo its ties with the EU given its trade with the US is already hurt by geopolitics
The directive comes as, starting Wednesday, Chinese electric vehicles heading to Europe will be subject to tariffs as high as 45.3%
The agency expects carmakers to continue working towards making cheaper and innovative EVs — with China firmly in the lead. It also predicts a hit to Europe’s GDP from the EV transition
The EU is attempting to hold talks with some EV-makers outside of official channels, shaking “the foundation and mutual trust of the negotiations,” Beijing says
The European Commission looks to have gathered enough support for its planned tariffs to go through, despite pushback from major automakers and key bloc members
Technical talks with China had intensified to an almost daily basis and could extend beyond the end of October, a top European Commission official said
China and EU have both vowed to intensify efforts to avert the tariffs, amid concerns that could trigger a 'trade war' between the economic powerhouses
The planned tariffs, if approved by the EU's 27 members, will potentially raise prices for consumers at a time when the region's EV sales have plunged 44%
Washington and Brussels are set to disregard repeated ‘warnings’ and appeals from Beijing to reverse course on their planned steep tariff hikes on China-made electric vehicles