China's commerce minister said the European Union's imposition of tariffs on electric vehicles (EV) will "seriously interfere" with trade and investment cooperation and hurt both China and Germany.

BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.

The European Union and China agreed Thursday to intensify discussions as the two sides seek ways to avert looming tariffs on electric cars ahead of a deadline that’s only days away.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.

NIO (NIO) is delivering its revamped and renamed EL8 into Europe despite facing high tariffs against Chinese EVs. Read more here.

China's commerce minister said the European Union's imposition of tariffs will "seriously interfere" with trade and investment cooperation and hurt both China and Germany. In talks with Germany Vice Chancellor and Economic Minister Robert Habeck,

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To make the European market unattractive for Chinese EV exports, tariffs have to be as high as 50%, according to research group Rhodium.