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☆ China and EU Hold Talks on AI, Cross-Border Data Flow Amid Renewed Tensions
▼ + stars: | 2023-09-18 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - China and the European Union held talks on topics including artificial intelligence and cross-border data flows on Monday in Beijing, amid disputes over an EU probe into China's electric vehicle (EV) subsidies. The meeting comes as tensions between China and the EU are heightened after European Commission President Ursula von der Leyen announced an investigation into whether to impose punitive tariffs on Chinese EVs to protect EU producers. The talks on Monday covered key issues including platforms and data regulation, AI, and cross-border flow of industrial data, China and the EU said. The European Commission conveyed concerns about "difficulties faced by EU companies in China to make use of their industrial data, as a result of the application of recent legislation." Both sides agreed to promote an open, fair and non-discriminatory environment for the development of the digital economy, Xinhua said.

Persons: Zhang Guoqing, Vera Jourova, Ursula von der Leyen, Zhang, Ethan Wang, Ryan Woo, Meg Shen, Andrew Heavens Organizations: European Union, EU, China's, European Commission, Values, European, Xinhua Locations: BEIJING, China, Beijing, EU, Europe, Hong Kong

☆ Italy to pass tougher measures to deter migrant arrivals
▼ + stars: | 2023-09-18 | by ( Angelo Amante | ) www.reuters.com time to read: +3 min

[1/2] A man disembarked from Guardia di Finanza vessel is taken away on a stretcher after being rescued at sea, on the Sicilian island of Lampedusa, Italy, September 18, 2023. Under Italian law, migrants facing repatriation can be held if they cannot be immediately expelled. More than 127,000 migrants have arrived in Italy so far this year, according to government data, almost double the figure for the same period of 2022. Officials say a majority of migrants head to Italy for economic reasons and are therefore not eligible for asylum. ($1 = 0.9379 euros)Reporting by Angelo Amante; Editing by Crispian Balmer and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Yara, Giorgia Meloni, Meloni, Ursula von der Leyen, Von der Leyen, Angelo Amante, Crispian Balmer, Christina Fincher Organizations: Guardia, REUTERS, Rights, European, Thomson Locations: Guardia di, Lampedusa, Italy, Rome, Brussels

☆ China and EU hold talks on AI, cross-border data flow amid renewed tensions
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 18 (Reuters) - China and the European Union held talks on topics including artificial intelligence and cross-border data flows on Monday in Beijing, amid disputes over an EU probe into China's electric vehicle (EV) subsidies. The meeting comes as tensions between China and the EU are heightened after European Commission President Ursula von der Leyen announced an investigation into whether to impose punitive tariffs on Chinese EVs to protect EU producers. The talks on Monday covered key issues including platforms and data regulation, AI, and cross-border flow of industrial data, China and the EU said. The European Commission conveyed concerns about "difficulties faced by EU companies in China to make use of their industrial data, as a result of the application of recent legislation."

Persons: Jason Lee, Zhang Guoqing, Vera Jourova, Ursula von der Leyen, Zhang, Ethan Wang, Ryan Woo, Meg Shen, Andrew Heavens Organizations: REUTERS, Rights, European Union, EU, China's, European Commission, Values, European, Xinhua, Thomson Locations: China, EU, Beijing, Rights BEIJING, Europe, Hong Kong

☆ Italy to Pass Tougher Measures to Deter Migrant Arrivals
▼ + stars: | 2023-09-18 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By Angelo AmanteROME (Reuters) - The Italian government, struggling with a surge in migrant arrivals, will pass measures on Monday to lengthen the time migrants can be held and to ensure more people who have no right to stay are repatriated, officials said. Under Italian law, migrants facing repatriation can be held if they cannot be immediately expelled. More than 127,000 migrants have arrived in Italy so far this year, according to government data, almost double the figure for the same period of 2022. Officials say a majority of migrants head to Italy for economic reasons and are therefore not eligible for asylum. As part of the package, it set aside around 20 million euros ($21.32 million) over two years.

Persons: Angelo Amante ROME, Giorgia Meloni, Meloni, Ursula von der Leyen, Von der Leyen, Angelo Amante, Crispian Balmer, Christina Fincher Organizations: European Locations: Lampedusa, Italy, Rome, Brussels

☆ China EV adviser sees tech tie-ups resolving EU trade conflicts
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. Meanwhile, European automakers can also leverage China's EV technologies to accelerate their transition to electrification, he added. Chinese EV maker Xpeng (9868.HK) in July struck a deal with Volkswagen (VOWG_p.DE) to jointly build two new models based on Xpeng's EV platform in China. Others, like LeapMotor (9863.HK) are also seeking to license its EV technologies to foreign partners. Chinese battery maker CATL (300750.SZ) has been ramping up its German plant and is building another site in Hungary.

Persons: Dong Yang, EVs, Ursula von der Leyen, Zhang Yan, Brenda Goh, David Evans Organizations: REUTERS, Rights, European Commission, EV, China's Ministry of Machinery, BAIC Group, Gang, Munich IAA, European, Xpeng, HK, Volkswagen, Thomson Locations: Jinhua, Zhejiang province, China, Europe, Munich, Hungary

☆ Lampedusa: EU chief pledges action while visiting Italian island hit by soaring migrant arrivals
▼ + stars: | 2023-09-17 | by ( Eve Brennan | ) edition.cnn.com time to read: +3 min

CNN —EU chief Ursula von der Leyen has pledged action to help Italy’s crisis-hit island of Lampedusa during a visit on Sunday, after the island was left struggling to cope with an influx of migrants. Von der Leyen visited a migrant reception center on the island after the Italian Prime Minister called on European leaders to help more. The island has recently seen an uptick in migrant crossings, with Italian authorities saying Thursday that 7,000 people had arrived in just two days, prompting the local mayor and the United Nations refugee agency to warn the Italian island is becoming overwhelmed. The Italian prime minister and EU chief met Sunday to “offer a coordinated response by the Italian and European authorities,” according to von der Leyen. Meanwhile, von der Leyen championed legal pathways and humanitarian corridors as measures to counter “smugglers’ lies.”“We will offer migrants real alternatives through this humanitarian admission.

Persons: Ursula von der Leyen, Von der Leyen, Giorgia Meloni, von der Leyen, “, von der, ” Lampedusa, Cecilia Fabiano, LaPresse, ” Meloni, ’, ”, Von der, Filippo Mannino, agency’s, San Marino, Chiara Cardoletti Organizations: CNN, EU, Italian, European Union, United Nations, European Commission, UN, UNHCR, International Organization for Migration Locations: Lampedusa, Italian, Africa, Europe, European, Italy, San, Tunisia, Libya

☆ EU chief pledges migrant action plan in Italy's Lampedusa
▼ + stars: | 2023-09-17 | by ( Yara Nardi | ) www.reuters.com time to read: +3 min

REUTERS/Yara Nardi Acquire Licensing RightsLAMPEDUSA, Italy Sept 17 (Reuters) - European Commission President Ursula von der Leyen on Sunday visited the Italian island of Lampedusa, which is struggling with a surge in migrant arrivals, and promised a 10-point EU action plan to help Italy deal with the situation. Nearly 126,000 migrants have arrived in Italy so far this year, almost double the figure by the same date in 2022. Von der Leyen was accompanied by Italian Prime Minister Giorgia Meloni and the car carrying them to Lampedusa's migrant reception centre was briefly blocked by locals protesting over the burden facing the island. The plan includes using the EU's external borders agency Frontex to identify migrants arriving in Italy and repatriate those not eligible for asylum. Frontex would also step up sea and aerial surveillance of migrant boats and help crack down on people-smugglers, von der Leyen said, adding that she had already spoken to several EU leaders about the plan and was confident of their support.

Persons: Ursula von der Leyen, Giorgia Meloni's, Yara, Von der Leyen, Giorgia Meloni, Meloni, von der Leyen, Frontex, Tony Colapinto, Gavin Jones, Louise Heavens Organizations: Italian, REUTERS, Sunday, Meloni, coastguard, Thomson Locations: Lampedusa, Italy, European, Tunisia, Tunis, Europe

Von der Leyen’s spokesman, Eric Mamer, confirmed on Saturday that she would make the trip at the invitation of Italian Premier Giorgia Meloni. About 7,000 migrants arrived on Lampedusa from Tunisia this week, and the Red Cross said that 3,800 remained on the island on Friday. A representative told the official that islanders have run out of patience after three decades of coping with arrivals. “Obviously, Italy and Europe can't welcome this massive influx of people, especially when these migrant flows are being managed by unscrupulous traffickers,” she said. As Meloni hosts von der Leyen in Lampedusa, Salvini on Sunday has invited French far-right leader Marine Le Pen to an annual League rally in the northern Italian town of Pontida.

Persons: Ursula von der Leyen, Italy’s, Von der, Eric Mamer, Giorgia, “, ”, Matteo Salvini, Meloni, Salvini, Marine Le Organizations: MILAN, —, Cross, Media, Residents, SKY TG24, League, EU, der, Sunday Locations: Lampedusa, North Africa, Italian, Tunisia, Meloni, Europe, Italy, French, Pontida

☆ EU chief to visit Italy's Lampedusa amid protests over migrant numbers
▼ + stars: | 2023-09-16 | by ( Yara Nardi | ) www.reuters.com time to read: +3 min

[1/7] A child looks on as migrants are seen inside the hotspot, on the Sicilian island of Lampedusa, Italy, September 16, 2023. Nearly 126,000 migrants have arrived in Italy so far this year, almost double the figure by the same date in 2022. Lampedusa has recently borne the brunt, with thousands of landings this week, more than the island's permanent population. ISLANDERS' PROTESTDozens of Lampedusa residents held protests on Saturday against a plan to build new tent camps to host migrants. Earlier this week, a five-month-old baby boy drowned off Lampedusa after a boat carrying migrants across the sea from North Africa capsized.

Persons: Yara, Ursula von der, Giorgia Meloni, Lampedusa, Von der, Eric Mamer, Gerald Darmanin, Nancy Faeser, Elisabeth Borne, BFM, Emmanuel Macron, Gianluca Semeraro, Ludwig Burger, Jan Strupczewski, Gus Trompiz, Toby Chopra, Mike Harrison Organizations: REUTERS, Italy's, European Union, EU, Twitter, ISLANDERS, Italian Coast Guard, Thomson Locations: Lampedusa, Italy, Italian, North Africa, France, Germany, Rome, Europe, Milan, Frankfurt, Brussels, Paris

CNN —Lampedusa has seen an influx of migrants with 7,000 people arriving in two days, prompting its mayor and the United Nations refugee agency to warn the Italian island is becoming overwhelmed. Alessandro Serranò/AFP/Getty ImagesMigrants from a migrant housing centre on Lampedusa are guided by a security official. The island of Lampedusa is struggling to cope with an influx of migrants. “The over 130 operators and volunteers of the Italian Red Cross are doing beyond the impossible to ensure basic necessities. However, Flavio Di Giacomo, from IOM, said the number of arrivals in Lampedusa now was much higher than before.

Persons: CNN — Lampedusa, Filippo Mannino, ” “, ” Mannino, agency’s, San Marino, Chiara Cardoletti, ” Cardoletti, Lampedusa, Alessandro Serranò, Gerard Darmanin, Darmanin, “, ”, ” Darmanin, Rosario Valastro, ” Valastro, Flavio Di Giacomo, Infrastructure Matteo Salvini, Giorgia Meloni’s, Ursula Von der Leyen Organizations: CNN, United Nations, RTL, UN, UNHCR, International Organization for Migration, Getty, European Union and, Red Cross Italy, Interior Ministry, Libyan Coast Guard, Italy’s, Infrastructure, Italy’s Foreign Press Association, EU, RAI Locations: Africa, Italy, San, Tunisia, Libya, AFP, Germany, Lampedusa, Ventimiglia, Menton, Great Britain, European Union and Great Britain, Europe, Meloni, Brussels

More than 120 small boats arrived in Lampedusa in the span of roughly 24 hours, bringing the number of people at the local reception center to 7,000 people at one point. But consecutive arrivals on the small island in a short period of time made things difficult to manage, Di Giacomo said. Most of those boarding smugglers' boats for Europe are young men and unaccompanied minors, though women and children are seen but in smaller numbers. As soon as the weather improved, they launched more than 100 small iron boats from Tunisian beaches carrying between 30 to 40 people. Migrants pay smugglers between 1,500 and 5,000 Tunisian dinars (roughly $500-$1,600) for a spot on the dangerous boats.

Persons: Giorgia Meloni, Kais Saied, Flavio Di Giacomo, Di Giacomo, Daniel, “ It's, ”, Chris Borowski, Saied's, Giacomo, Ursula von der Leyen, It's, ” Abderrahim, Saied, doesn’t, “, ___ Frances D'Emilio Organizations: Union, Italy's Interior Ministry, International Organization for, WHO, IOM, Border, Coast Guard Agency, Global, Transnational, EU Locations: BARCELONA, Spain, Lampedusa, Tunisia, Italy, North Africa, Italian, Europe, Ukraine, Ivory Coast, Guinea, Cameroon, Burkina Faso, Mali, Libya, Egypt, Eritrea, Sudan, Sfax, Tunisian, African, Greece, Rome

Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.

Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong

☆ China denounces Europe probe of EVs as 'naked protectionist' act
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Nio ET5 electric vehicle is displayed at the Chinese EV maker's showroom in Shanghai, China, February 3, 2023. The investigation launched on Wednesday will determine if punitive tariffs are warranted to protect EU producers from what European Commission President Ursula von der Leyen described as a "flood" of cheaper Chinese EV imports. "It is a naked protectionist act that will seriously disrupt and distort the global automotive industry and supply chain, including the EU, and will have a negative impact on China-EU economic and trade relations." The probe, initiated by the European Commission and not from any industry complaint, will further irritate a tense relationship with China partly strained by trade and investment imbalances. Reporting by Ryan Woo; additional reporting by Ellen Zhang; Editing by Clarence Fernandez and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Ursula von der Leyen, Ryan Woo, Ellen Zhang, Clarence Fernandez, Jamie Freed Organizations: EV maker's, REUTERS, Rights, European, EV, EU, European Commission, Thomson Locations: Shanghai, China, Rights BEIJING, European Union, EU

Analysts said the probe could slow capacity expansion and the capital spending cycle of China's battery suppliers, although the move should not pose a big downside risk for Chinese EVs. Hong Kong shares of market leader BYD fell more than 3%. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. GROWING MARKET SHAREEU officials believe Chinese EVs are undercutting the prices of local models by about 20% in the European market, piling pressure on European automakers to produce lower-cost electric vehicles. It accounted for 40.25% of EV exports from China between January and April 2023, up from 36.5% in 2022.

Persons: Angelika Warmuth, Ursula von der Leyen, BYD, CATL, der Leyen, Li Qiang, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed Organizations: BYD Company, REUTERS, China, EV, European Commission, EU . European, Analysts, HK, Geely, SAIC, EU, Chamber of Commerce, China Passenger Car Association, Center, Strategic, Internal Studies, Volvo, Thomson Locations: Munich, Germany, Europe, HONG KONG, SHANGHAI, Hong Kong, Beijing, Shanghai, Xpeng, Shenzhen, SZ, China, Moscow, Russian, Ukraine, New Delhi, Brussels, U.S

The United States also offers tax credits of up to $7,500 for buyers of new electric cars, and several more for manufacturers of EVs and EV components. And each government views the support they provide as merely also doing "whatever it takes" to keep their own industries competitive. The mere threat of a probe into China's subsidies might actually be enough to slow the pace of imports from China while allowing sales of European cars to pick up further. Shares of major European car producers have heavily lagged U.S. and China EV rivalsIn that way, the EU Commissioner will have provided a valuable service to Europe's manufacturers without needing to actually dig too deeply into China's subsidy practices. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ursula von der Leyen, von der Leyen, Gavin Maguire, Josie Kao Organizations: EU Commission, European EV, European Union, EV, United, Volkswagen, BMW, Renault, China EV, Reuters, Thomson Locations: LITTLETON , Colorado, Europe, Beijing, European, United States, Germany, China, EU

☆ 'Blatantly protectionist': China sharply rebukes EU probe on Chinese EV subsidies
▼ + stars: | 2023-09-14 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Vcg | Visual China Group | Getty ImagesChina has accused the European Union of "blatant protectionism" after its executive arm unexpectedly launched an "anti-subsidy" investigation into China's electric vehicle makers. The Chinese Commerce Ministry urged dialogue to safeguard the interests of Chinese companies and commit to global efforts to address climate change and achieve carbon neutrality. If the EU finds harm from Chinese subsidies, Brussels is likely to impose tariffs on Chinese EVs despite the risk of political and economic backlash from Beijing. "If the EU finds harm from Chinese subsidies, Brussels is likely to impose tariffs on Chinese EVs despite the risk of political and economic backlash from Beijing." EU members are demanding the regional bloc shield European carmakers from Chinese EVs that they say are heavily subsidized by the Chinese government.

Persons: Ursula von der Leyen Organizations: Visual China, Getty, European Union, Chinese Commerce Ministry, CNBC, EU, Beijing . Eurasia, of, Eurasia Group Locations: Jinhua, Zhejiang Province, China, EU, Brussels, Beijing, U.S, Europe, Strasbourg

☆ China auto industry body 'firmly opposes' EU probe on Chinese EV subsidies, urges objectivity
▼ + stars: | 2023-09-14 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Employees work on the assembly line of C11 electric SUV at a factory of Chinese EV startup Leapmotor on April 26, 2023 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty ImagesThe European Union should "objectively" consider China's electric vehicle industry and its highly competitive industrial supply chain, the head of a China automobile industry body on Thursday. This comes a day after the European Commission, the executive arm of the European Union, unexpectedly launched an "anti-subsidy" investigation into China's EV makers. "The EU should view the development of China's electric vehicle industry objectively, rather than arbitrarily employing unilateral economic and trade tools to restrict the development or increase operating costs of China's electric vehicle products in Europe," he added. He added that Chinese cars exported to Europe are generally retailing at nearly double the prices in mainland Chinese markets.

Persons: Cui Dongshu, Cui, Ursula von der Leyen Organizations: Visual China, Getty, European Commission, European Union, China's, China Passenger Car Association, CNBC, of Locations: Jinhua, Zhejiang Province, China, Europe, Strasbourg, EU, U.S, Beijing

☆ EU to investigate 'flood' of Chinese electric cars, weighing tariffs
▼ + stars: | 2023-09-13 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +6 min

"Global markets are now flooded with cheaper electric cars. It is also unusual in that it is brought by the European Commission itself, rather than in response to an industry complaint. GRINDING GEARSThe influx of cheaper Chinese electric vehicles has already prompted some European carmakers to take action. At the same time Von der Leyen stressed the importance of electric vehicles to the EU's ambitious environmental objectives. The founder of Nio warned in April that Chinese EV makers should brace for the possibility that foreign governments would impose protectionist policies.

Persons: Ursula von der Leyen, BYD, EVs, Nio, Mercedes Benz, Stellantis, France's, Tesla, VDA, Von der Leyen, Simone Tagliapietra, Kingsmill Bond, Foo Yun Chee, Philip Blenkinsop, Kim Miyoung, Brenda Goh, Anne Marie Roantree, Nick Carey, Kate Abnett, Gabriela Baczynska, Louise Heavens Organizations: EU, Investigation, European EV, European Commission, European Union, Renault, BMW, HK, China Passenger Car Association, Dynamics, Volvo, EV, VW, France's Renault, Japan, Rocky Mountain Institute, Thomson Locations: BRUSSELS, Brussels, China, Moscow, Ukraine, Germany, France, Europe, U.S

☆ EU to assess whether to hit Chinese electric cars with tariffs
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS, Sept 13 (Reuters) - The European Commission started an investigation on Wednesday to assess whether the European Union needs to impose tariffs to protect itself against Chinese electric vehicle producers benefiting from state subsidies. And their price is kept artificially low by huge state subsidies," European Commission President Ursula von der Leyen said in her annual address to the bloc's parliament. Von der Leyen stressed the importance of electric vehicles to the EU's ambitious environmental objectives. "So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China.

Persons: Ursula von der Leyen, Yves Herman Acquire, Von der Leyen, Foo Yun Chee, Philip Blenkinsop, Gabriela Baczynska Organizations: European Union, REUTERS, Rights, European Commission, Thomson Locations: Strasbourg, France, Rights BRUSSELS, China, Europe

The European Union will begin an investigation into Chinese subsidies of electric vehicles, the bloc’s top official announced Wednesday, in a move that highlights Europe’s growing industrial and geopolitical competition with China. The inquiry could lead to trade restrictions, such as import tariffs on Chinese vehicles. Chinese automakers have gained a dominant position in the global electric vehicle industry and see Europe as a key potential market. “Europe is open for competition, not for a race to the bottom,” said Ursula von der Leyen, the president of the European Commission, speaking in Strasbourg, France. “We must defend ourselves against unfair practices.”She announced the initiative during her annual state of the European Union address, which sets the tone for the year ahead.

Persons: ”, Ursula von der Leyen, “ Organizations: European Union, European Commission Locations: China, Europe, Beijing, “ Europe, Strasbourg, France

☆ European Union launches anti-subsidy probe into Chinese EVs
▼ + stars: | 2023-09-13 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

China's automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China's exports overall, Bernstein analysts found. The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen. Speaking at her annual State of the Union address at the European Parliament in Strasbourg, she said the commission is launching an "anti-subsidy investigation into electric vehicles coming from China." Autos stocks in Europe were higher by 1.2% on Wednesday morning after the announcement, in a largely down day for most sectors. This is a breaking news story, please check back later for more.

Persons: Bernstein, Ursula von der Organizations: European Commission, European Union, Wednesday, of Locations: China, Strasbourg, Europe

☆ VIEW Reactions to EU probe of Chinese electric cars imports
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +6 min

EUROPEAN COMMISSION PRESIDENT URSULA VON DER LEYEN"Global markets are now flooded with cheaper electric cars. "So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China. UK TRADE MINISTER KEMI BADENOCH"I think it just highlights the difficulties that all countries are having with the supply chain for electric vehicles. "China's apparent advantage and cost-competitive imports are already impacting European auto makers' domestic market share, with a massive surge in electric vehicle imports in recent years. At the same time, the US Inflation Reduction Act (IRA) is also a game-changer in the electric vehicle value chain.

Persons: Annegret, URSULA VON DER, LAURENCE BOONE, BRUNO LE MAIRE, Von der, KEMI BADENOCH, MATTEO SALVINI, SIGRID DE VRIES, AIWAYS, ALEXANDER KLOSE, Aiways, KINGSMILL, they've, They've, STUART COLE, AJ BELL, DANNI HEWSON, Josephine Mason, Catherine Evans, Louise Heavens Organizations: REUTERS, European Commission, European Union, FRENCH FINANCE, EU, League, GENERAL, Volkswagen, BMW, Tesla, INSTITUTE SENIOR, CITI, Reuters, Thomson Locations: Berlin, Germany, China, Europe, Brussels

[1/4] European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. Von der Leyen, who has been at the head of the bloc's executive Commission since the end of 2019, also said she would appoint an envoy to help small and medium-sized enterprises tackle red tape to make it easier to do business. Lawmakers gave a standing ovation after von der Leyen recounted the fate of Victoria Amelina, a Ukrainian writer and activist who was killed in a Russian attack on Ukraine. An upcoming package to support Europe's wind industry would be aimed at helping the sector as renewable energy companies struggle with steep inflation, von der Leyen said. Von der Leyen also said the wealthy bloc must engage more with African countries and accused Russia of stirring chaos in the Sahel region of the continent.

Persons: Ursula von der Leyen, Yves Herman Acquire, Von der Leyen, von der Leyen, Victoria Amelina, Héctor Abad, Yves Herman, Jan Strupczewski, Marine Strauss, Foo Yun Chee, Kate Abnett, Gabriela Baczynska, Andrew Gray, Julia Payne, Philip Blenkinsop, Ingrid Melander, Nick Macfie, Alex Richardson Organizations: European, European Union, REUTERS, EU, STRASBOURG, EU Commission, Ukraine, Kyiv, Lawmakers, Thomson Locations: Strasbourg, France, Europe, Ukraine, Ukrainian, Colombian, China, Russia, Sahel, Africa, Brussels

☆ Chinese EV subsidies will be investigated by EU over concerns they're distorting the market with cheaper prices
▼ + stars: | 2023-09-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The European Commission president has announced an "anti-subsidy investigation" into Chinese EVs. Ursula von der Leyen said the EU's market was being distorted by "huge state subsidies." "And as we do not accept this from the inside, we do not accept this from the outside," Von der Leyen added. Chinese EV makers haven't yet brought their cars to the US, but they have become increasingly popular on the other side of the Atlantic. Not for a race to the bottom," Von der Leyen said.

Persons: Ursula von der Leyen, Von der Leyen, BYD, It's, Tesla, Forbes Organizations: European Commission, Bloomberg, Service, EV, Reuters, Volkswagen, Guardian Locations: Wall, Silicon, Europe, China, Germany

European Commission President Ursula von der Leyen reacts on the day of the annual State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. European Commission President von der Leyen told the European Parliament that Ukraine had already made "great strides" since being designated a membership candidate last year, even as it fights to repel Russia's invasion. But candidate countries have to meet a string of political and economic criteria to begin membership talks - and must fulfil more stringent conditions on democracy, the rule of law and economic standards - before they can actually join the EU. "For Ukraine, the biggest obstacle is Hungary and the discussion around national minorities," a senior EU diplomat said on condition of anonymity. On Wednesday, von der Leyen outlined a vision of a European Union that would include not only Ukraine, but also Moldova and countries of the Western Balkans.

Persons: Ursula von der Leyen, Yves Herman Acquire, von der Leyen, Viktor Orban, Peter Szijjarto, Volodymyr Zelenskiy, Gabriela Baczynska, Andrew Gray, Andreas Rinke, Nick Macfie Organizations: European Union, REUTERS, Rights, ., EU, European Commission, Kyiv, OTP Bank, West, European, Thomson Locations: State, Strasbourg, France, Rights BRUSSELS, EU, European Union, Ukraine, Hungary, Germany, Kyiv, Hungarian, Moscow, Budapest, Moldova, Western Balkans

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