Beijing to Chinese EV makers: think twice about investing in tariff-backing EU countries

Quick Summary:

Ministry of Commerce warned carmakers about the risks of setting up factories in countries like France and Italy.

Generally speaking, companies that do not comply with those directives are not punished.

Another 12 members, including Spain and Belgium, abstained.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongBelgiumChinaFranceGermanyHungaryItalySpain

Topics: Companies Tariffs Major Post Cent Chinese Five Ministry Including Countries Carmakers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:03:53 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 258 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23346786

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

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News Last Updated: 24 minutes ago

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Publisher ID: #42

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