China Urges EU to Recognize Facts in EV Anti-Subsidy Probe
In a move highlighting growing trade tensions, China’s Ministry of Commerce (MOC) called on the European Union (EU) on Thursday to base its ongoing anti-subsidy probe into Chinese electric vehicles (EVs) on objective facts and mutually recognized rules.
“Facts should be objective and mutually recognized by both parties, rather than unilaterally determined,” said MOC spokesperson He Yongqian during a press conference. The spokesperson emphasized that China’s competitive advantage in the EV sector stems from factors other than subsidies.
“It is hoped that the European side will face up to the facts that China’s competitive advantage in EVs does not come from subsidies,” He Yongqian stated, urging the EU to make reasonable and objective decisions. “China-EU auto industry cooperation is conducive to shared development, and the EU industry opposes trade protectionist measures.”
The call comes amid escalating trade disputes between China and the EU over the booming EV industry. On July 4, the European Commission introduced provisional additional tariffs of up to 37.6 percent on Chinese EV makers, citing concerns over alleged subsidies that give Chinese manufacturers an unfair advantage.
These tariffs have been widely criticized as protectionist measures that could disrupt the global EV market and hinder efforts towards green transitions. The increased costs are also expected to impact consumers in the EU, potentially slowing the adoption of electric vehicles.
In response to the EU’s actions, China has reiterated its commitment to seeking a mutually acceptable solution. On Wednesday, the MOC announced a trade and investment barrier investigation into the EU’s practices in its foreign subsidy investigations. This move indicates China’s determination to protect its interests while advocating for fair trade practices.
The ongoing consultations between China and the EU are crucial for the future of the global EV industry. Both sides play significant roles in the development and adoption of electric vehicles, which are essential for combating climate change and promoting sustainable development.
Business analysts and industry experts are closely watching the situation, as prolonged trade disputes could have far-reaching implications for international trade and investment, particularly in the rapidly growing EV market.
As the dialogue continues, stakeholders in both regions hope for a resolution that supports shared growth, technological innovation, and the global push towards greener transportation solutions.
Reference(s):
China calls on EU to acknowledge facts amid EV anti-subsidy probe
cgtn.com
