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SHANGHAI/HONG KONG (Reuters) -Hong Kong-listed shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese EV subsidies, escalating EU-China tensions and prompting analysts to warn of retaliatory action. European Commission President Ursula von der Leyen announced the investigation on Wednesday, accusing China of flooding global markets with electric cars that had artificially low prices because of huge state subsidies. Eurasia Group analysts said the probe underscored growing protectionist tendencies in Europe and they...

European Commission President Ursula von der Leyen announced the investigation in her annual address to lawmakers on Wednesday, saying: "Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies."

SHANGHAI/BEIJING (Reuters) -Beijing on Thursday blasted the launch of a probe by the European Commission into China's electric vehicle (EV) subsidies as protectionist and warned it would damage economic and trade relations, as shares in Chinese EV makers slipped. European Commission President Ursula von der Leyen announced the investigation on Wednesday, accusing China of flooding global markets with electric cars that had artificially low prices because of huge state subsidies. The probe, which could result in punitive tariffs, has prompted analyst warnings of retaliatory action from B...

Beijing EU Prove EV Stocks: Relations have become tense due to Beijing's ties with Moscow after Russian forces swept into Ukraine, and the EU's push to rely less on the world's second-largest economy, which is also its No.1 trading partner.

European Commission accused China of flooding global markets with electric cars that had artificially low prices because of huge state subsidies.