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(Bloomberg) -- The European Union is launching an investigation into Chinese subsidies for electric vehicles in a bid to ward off a flood of cheap imports, an escalation that opens the door to retaliation which would hit the bloc’s carmakers hard.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceChina Flags ‘Security Incidents’ With Apple’s iPhonesApple’s iPhone 15 Debut Includes Higher Price on

"Their price is kept artificially low by huge state subsidies."

China’s best-selling carmaker BYD showed off its new electric offerings for the European market, including the Seal U compact sport utility vehicle and the Seal sedan.

BYD Atto 3 Australian owners starting to get new update with Android Auto.

Chinese carmakers are seeing their popularity rise in overseas markets, which may push the country's vehicle exports to a new high this year following a surge in 2022.