To address the subsidies, the European Union last month raised tariffs on Chinese-built EVs to as much as 45.3% in its highest-profile trade investigation, a move that has divided Europe and triggered retaliation from Beijing.

The European Union has only seen limited progress in recent weeks in negotiations with China over a comprehensive deal to replace tariffs on electric vehicles, according to people familiar with the matter.

BEIJING: China and the EU are reportedly nearing a solution over eliminating tariffs on Chinese electric vehicle (EV) imports into the bloc, German broadcaster n-tv reported on Friday, citing Bernd La

Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the trade committee of the European Parliament told a German broadcaster.

Chinese EVs are already hitting export markets. Chinese EVs have already established beachheads in several major markets. These include Europe, Latin America, and nearby Mexico (w