China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe

The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result.

The European Commission, the executive arm of the European Union, announced plans for such levies in June after concluding in an investigation that producers of battery EVs in China benefit from “unfair” subsidization.

On Thursday, European…