EU, China to Consider Setting Baseline EV Prices
A European Commission spokesperson has revealed that the European Union (EU) and China are considering setting baseline prices for electric cars manufactured in China. Negotiations between Beijing and Brussels commenced last week and could lead to a resolution that allows Chinese automakers to export their electric vehicles to Europe without facing hefty import tariffs. The German newspaper Handelsblatt also reported that China and the EU have agreed to explore the possibility of setting minimum EV prices for units originating from China, potentially ending a dispute that could have untold consequences for both China and Europe's auto markets. Germany, in particular,…