Tech transfer a must for Chinese EV investors in Europe, EU trade chief suggests

Ahead of his trip to Beijing next week, Maros Sefcovic says US tariffs could unleash a flood of Chinese overcapacity on Europe

The EU is reportedly investigating whether a factory in Hungary owned by Chinese EV maker BYD received undeclared state subsidies from Beijing. Photo: Reuters

If Chinese electric vehicle and battery manufacturers want to invest in the European Union, they should be prepared to transfer technology, according to the bloc’s trade chief.

Addressing a European Parliament hearing in Brussels on Thursday, Maros Sefcovic said he planned to use his trip to China next week to discuss ways Chinese direct investment in the EU could advance the bloc’s value chains and technology.
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