The Chinese auto industry is starting to face some significant headwinds. For one thing, a lot of countries are uncomfortable with all those Chinese cars pouring into their markets.
The EU is debating the zero-emission requirements and goal of eliminating ICE vehicles along similar lines as the U.S. And just as consumers in the U.S. have balked at costs and limitations on choice, the EU is weighing the economic and political pain of mandating EVs.
Chinese BEV giant anticipating rapid growth despite EU's import tariffs but raises regulator concerns over vehicles with high proportion of non-European components.
