EU will launch anti-subsidy inquiry into China-made electric cars, von der Leyen says

European Commission President Ursula von der Leyen has announced an anti-subsidy inquiry into low-cost electric cars coming from China.

Transcript

00:00 The challenges and opportunities facing the EU were outlined by Ursula von der Leyen as

00:07 the European Commission President gave her annual State of the Union address at the European

00:11 Parliament in Strasbourg. She detailed further financial and military support for Ukraine

00:16 and she unveiled an anti-subsidy investigation into electric vehicles from China.

00:25 Federal markets are now flooded with cheaper Chinese electric cars and their price is

00:32 kept artificially low by huge state subsidies. This is distorting our market and as we do

00:39 not accept this distortion from the inside in our market, we do not accept this from

00:49 the outside.

00:51 This was von der Leyen's last State of the Union speech before European Parliamentary

00:56 elections in June, which will precede the creation of a new European Commission, the

01:00 EU's executive body.

01:02 [SOUND]