FRANKFURT, Germany -- European Union tariffs on Chinese electric vehicles that took effect in October are yielding unexpected consequences. Rather than excluding cheap EVs subsidized with Chinese government cash from the market, they are encouraging automakers to build alliances that increase the EU's reliance on China.
Electric vehicles
Volkswagen, Renault draw closer to China on EVs despite EU tariffs
Earnings shrink at 5 European automakers, spurring cost-saving tie-ups with China
Volkswagen cars wait for delivery at the company's Autostadt complex in Wolfsburg, Germany. © AP
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