German automaker BMW Group has stated that diversifying its supply chains away from China does not mean it is completely leaving the country. CEO Oliver Zipse emphasized the importance of Diversifying Risks and stated that the BMW Vision Neue Klasse, the company's new electric concept car, will require large suppliers. BMW is not leaving China and believes that free trade is fundamental to its business model. This comes as the European Union launches a probe into subsidies for China-made electric vehicles exported to Europe, potentially resulting in countervailing tariffs on imports from China.

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