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- 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."
- BYD's Atto 3 became Sweden's bestselling EV in July, per Bloomberg.
The EU is launching an "anti-subsidy investigation" into Chinese electric vehicles, Ursula von der Leyen announced Wednesday.
In her State of the Union speech, the European Commission president said the bloc's market was being distorted because the price of Chinese EVs is "kept artificially low by huge state subsidies."