The EU alleged China’s subsidized vehicles “posed an economic threat to the EU’s EV industry.”
This week, the European Union is expected to reveal provisional tariff rates for Chinese electric vehicles.
"We're seeing the Chinese automakers actually setting up factories in Europe. So there are options here, and I'm sure there's back channels happening here," said Anthony Sassine, senior investment strategist at KraneShares, on CNBC's"Squawk Box Asia" Tuesday. "But the Chinese manufacturers are so efficient, are so ahead of the curve, that tariffs like this – I don't think will impact too much the pricing here. They will still be more competitive than their EU counterparts," Sassine told CNBC's"Squawk Box Asia" on Tuesday.
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