Current location:opinions >>
Commerce minister refutes EU's accusation that China has 'overcapacity' in EV production
opinions34564People have gathered around
IntroductionChinese Commerce Minister Wang Wentao on Sunday refuted accusations of overcapacity in China's elect ...
Chinese Commerce Minister Wang Wentao on Sunday refuted accusations of overcapacity in China's electric vehicle (EV) industry, at a roundtable meeting with Chinese EV companies held in Paris.
The minister is reportedly making a visit to Europe over the European Commission's investigation into Chinese EVs.
Wang noted the accusations by the US and Europe of "overcapacity" were categorically groundless. The rapid development of the Chinese EV industry is achieved thanks to Chinese enterprises’ vigorous innovation, the country’s supply chain efficiency and free market competition, not subsidies.
He emphasized that development of the Chinese EV industry has made a significant contribution to global efforts to address climate change and the transition to a green, low-carbon world.
He also said that China will support Chinese EV companies in defending their rights and interests.
The China Chamber of Commerce to the EU (CCCEU) and Chinese companies Geely, SAIC, BYD, and CATL attended the roundtable, according to media reports.
The roundtable came as the EU made moves targeting Chinese EVs over recent months, amid accusations from the US and Europe over China's production overcapacity in EVs.
Wang emphasized the importance of innovation and risk management in the face of external challenges and uncertainties. He highlighted the need for deepening cooperation with local companies abroad to contribute to a global green transformation.
Chinese EV companies said they will continue uphold open cooperation, actively address trade frictions and aim to achieve win-win outcomes through practical cooperation with their European partners.
Following the EU’s investigation into Chinese-made EVs in October 2023, it required registration for EV imports originating in China in March this year.
The EU's probe into Chinese EVs is not conducive to deepening cooperation in the new-energy industries of both parties and it will also affect the interests of broad EU consumers, analysts said.
The CCCEU expressed concern over the special customs registration process in a statement sent to the Global Times in March.
The chamber highlighted that the recent surge in Chinese EV imports reflected increasing demand for green EVs in Europe and underscored Chinese car companies' commitment to fostering opportunities in the European market.
"We hope that the European side will effectively safeguard the legitimate rights and interests of Chinese enterprises, and establish a fair, impartial and non-discriminatory business environment for them," the CCCEU said.
"This, in turn, will facilitate our joint contribution to the global low-carbon and green transformation," the chamber stated.
China is the world's largest auto exporter, having surpassed Germany and outpacing Japan. The EU market accounted for 47 percent of China's EV exports last year, according to a report by Citi Research in January.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Cosmic Compass news portal”。http://gibraltar.quotesbonanza.com/html-8f099941.html
Related articles
Brazil replaces injured goalkeeper Ederson in Copa America squad
opinionsRIO DE JANEIRO (AP) — Brazil coach Dorival Júnior has replaced injured goalkeeper Ederson with Sao P ...
【opinions】
Read moreGerman dependency on Russian energy significantly reduced: president
opinionsGerman President Frank-Walter Steinmeyer attends a news conference at Cotroceni Presidential Palace ...
【opinions】
Read more21 bodies found at crash site of Nepali plane
opinionsA rescue team of Nepal Army carry the body of a plane crash victim at the airport in Kathmandu, Nepa ...
【opinions】
Read more
Popular articles
- Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- Xi Focus: CPC Leadership Meeting Calls for Rallying Powerful Force to Advance National Rejuvenation
- China's first artificial bred Pallas's cat dies
- China's first self
- ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
- Lao PM says China taking concrete actions to deepen global anti
Latest articles
LINKS
- Remnants of bird flu virus found in pasteurized milk, FDA says
- Video: Alligator on runway at Florida Air Force base captured
- Surge in Channel crossings as one in five small boats migrants are now from Vietnam, figures show
- Video: Alligator on runway at Florida Air Force base captured
- Riley Greene homers twice and Mark Canha goes deep to power Tigers past Rays 4
- Suspect in break
- Video: Alligator on runway at Florida Air Force base captured
- Max Fried throws Atlanta's first 9
- Brits are told to 'go home' as anti
- New Mexico reaches settlement in 2017 wage