Everything we know about the EU inquiry into Chinese electric cars

It was the big surprise of the State of the Union speech: the European Union is launching a trade inquiry into Chinese electric vehicles.

Transcript

00:00 Global markets are now flooded with cheaper Chinese electric cars.

00:14 And their price is kept artificially low by huge state subsidies.

00:20 This is distorting our market.

00:24 And as we do not accept this distortion from the inside in our market, we do not accept

00:30 this from the outside.

00:31 [MUSIC]

00:41 [MUSIC]

00:51 Europe is open to competition, but not for a race to the bottom.

01:11 We must defend ourselves against unfair practices.

01:14 [MUSIC]

01:24 [MUSIC]

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01:45 [MUSIC]