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Europe increases duties on Chinese electric vehicles.

The European Union has increased duties on electric cars coming from China, a decision that may upset Beijing and unsettle Chinese automakers that consider the region a crucial and expanding market.

BYD cars waiting for shipment at a port in Shenzhen, China's Guangdong province, on May 13, 2024
BYD cars waiting for shipment at a port in Shenzhen, China's Guangdong province, on May 13, 2024

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