Explainer: What is driving Chinese EV exports and their price competitiveness?

A NIO ET5 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing Rights SHANGHAI, Sept 14 (Reuters) – The European Commission began investigating on Wednesday whether to set punitive tariffs to protect its producers from imports of cheaper Chinese electric vehicles that it says benefit from state subsidies. Here are the big questions about the move, which led to a slide in shares of Chinese EV makers on Thursday: WHY EXPORT TO EUROPE AND HOW MUCH HAS IT…