EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc
EVs, [which have seen a 50% surge in March](https://www.theguardian.com/environment/2026/apr/20/electric-car-ev-sales-mainland-europe-petrol-prices-iran-war) in the wake of the Iran war.
Merics, which crunched the numbers along with Chinese trade site Soapbox, said China’s economy