China voices dissatisfaction after EU’s formal launch of EV subsidy probe

China voiced dissatisfaction on Wednesday at a demand by the European Union to engage within a “very short” time in consultations on the bloc’s inquiry into subsidies for electric vehicles.

The remarks came as the European Commission formally launched the investigation on whether to set tariffs to shield its producers from a “flood” of imports of cheaper Chinese electric vehicles (EV) it says benefit from state subsidies.