Beijing blasts EU probe as protectionist as China EV maker stocks slide

By Brenda Goh and Ryan Woo

SHANGHAI/BEIJING (Reuters) -Beijing on Thursday blasted the launch of a probe by the European Commission into China’s electric vehicle subsidies as protectionist and warned it would negatively impact economic and trade relations, as shares in Chinese EV makers slid.

European Commission President Ursula von der Leyen announced the investigation on Wednesday, accusing China of flooding global markets with electric cars that had artificially low prices because of huge…