Current location:Stellar Spectacle news portal > style
Commerce minister refutes EU's accusation that China has 'overcapacity' in EV production
Stellar Spectacle news portal2024-05-21 12:26:50【style】0People 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.
Address of this article:http://uruguay.boluescortbayan.net/content-41a299875.html
Very good!(2421)
Related articles
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- Government holds first carbon auction of the year after four failures
- Coronavirus: WHO denies withholding information over China pressure
- Cluster fears over new HK virus cases
- 'The Apprentice,' about a young Donald Trump, premieres in Cannes
- Former Governor
- No compensation for man imprisoned longer than sentence
- Shulan coronavirus: Fears new wave about to hit China
- The Latest
- Hong Kong news: Hong Kong police block Tiananmen Square candlelit vigil
Popular articles
Recommended
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
NZDF mission in Red Sea has 'shades of Iraq'
No firm date for reopening of Picton's Dublin Street
No compensation for man imprisoned longer than sentence
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Doctors call for engineered stone ban
Worldwide coronavirus deaths exceed 16,500
Weather expected to worsen in NSW, Queensland
Links
- China speeds up digital transformation of manufacturing sector
- Brewers' Rhys Hoskins goes on 10
- Ruiz and Lipscomb help the Nationals beat the White Sox 6
- Westminster dog show is a study in canine contrasts as top prize awaits
- I was the Surgeon General under President Trump
- Google unleashes artificial intelligence in search, favoring responses by AI over links
- Napa Valley wine family is torn apart by Succession
- Greene pitches 7 sharp innings, Reds beat Diamondbacks 6
- Kate Moss, 50, and long
- Matt Olson hits 3