Current location:Global Gallery news portal > sport
Commerce minister refutes EU's accusation that China has 'overcapacity' in EV production
Global Gallery news portal2024-04-30 02:44:22【sport】7People 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://christmasisland.whetstonetavern.com/html-1a699915.html
Very good!(18929)
Related articles
- Report: MLB to modify Nike uniforms after complaints from players, fans
- New Godzilla x Kong film continues to lead China box office
- New farmers sow seeds of hope for modern farming
- Shaolin Kung Fu competition enthralls martial arts enthusiasts in Oceania
- Sri Lanka expresses hope to join BRICS+
- World's first Zootopia land opens at Shanghai Disney Resort
- Electrifying Hangzhou Asian Games with green energy
- Events kick off for Kanas culture and tourism week
- Israeli airstrike kills 14 in Gaza's refugee camp
- Electrifying Hangzhou Asian Games with green energy
Popular articles
Recommended
China's archaeological site parks register strong revenue growth
New findings unveil stone processing practices of China's Liangzhu civilization
Renowned Berliner Philharmoniker to perform at Shanghai's art festival
Renowned Berliner Philharmoniker to perform at Shanghai's art festival
2 policemen killed, 1 injured in 'terror' attack in SE Iran
Chess Preview: China's world champion Ding seeking first Asian Games gold
Roof of the world inhabited since 50,000 years ago: archaeologists
China's Chen/Jia into 4th women's doubles final at badminton worlds
Links
- AU officials laud China's support to promote health in Africa
- China's securities regulator tightens delisting regulation
- Megan Fox reveals what she REALLY thinks about her Love Is Blind's 'look
- Trump hush money trial: Why Americans can't see or hear what's going inside court
- Nissan says it will make next
- China welcomes San Francisco mayor's visit to China
- China to establish modern eco
- Over 260 mln passenger trips made on first day of Qingming holiday
- Sydney church stabbing being treated as act of terrorism, police say
- China to establish modern eco