Asia Tech Wire (Aug 16) -- The European Union may lose investment from Chinese companies by imposing anti-subsidy duties on Chinese electric cars, a Chinese industry group said.

The European Commission is due to disclose its final ruling on its anti-subsidy duty investigation against Chinese electric vehicles by the end of August, and make a final decision by November 4th.

China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) said on Friday that Chinese EV companies are closely monitoring the progress and results of the EU investigation, and will assess the risk of investing in Europe and make investment decisions accordingly.

The industry group said that for EU countries interested in attracting Chinese car companies to invest, support for such taxes may lose investment, while an EU market that remains open and fair is more attractive for Chinese companies to invest in.