While deterring low-cost China-made EVs from entering the European market, it might cause upheaval and a backlash for major European EV makers that produce in China and export to China.

China is well on track in 2023 to overtake Japan and become the world’s largest light-vehicle exporter, with global automakers emerging as a fresh force behind the country's export boom. 

The world's biggest light vehicle and electrified car market is drawing a raft of investment from oil rich Arab nations looking to strike gold in Chinese startups.

For years, Hyundai Motor Group seemed to be at a loss on how to fix its moribund operations in China, where combined sales of the Hyundai and Kia brands shriveled from a peak of 1.8 million in 2016 to below 360,000 in 2022. Over the past several months, the Korean auto giant has hammered out a multi-dimensional roadmap on how to operate in the market going forward.