Beijing Denies EV Industry Overcapacity
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BEIJING: The accusations of “overcapacity” in China’s electric vehicle (EV) industry from the United States and Europe are baseless, and the Chinese government will actively support its companies in protecting their legitimate rights and interests, say China’s top commerce official in Paris.
During his meeting in the French capital with representatives from the China Chamber of Commerce to the European Union (EU), as well as over 10 companies from automotive and related sectors operating in Europe including Geely, SAIC Motor, BYD and Contemporary Amperex Technology Ltd, Chinese Commerce Minister Wang Wentao said that the rapid development of Chinese EV companies is based on continuous technological innovation, a well-established supply chain system and market competition.
Chinese business leaders introduced the situation related to investment and operation in Europe and the response to the EU’s anti-subsidy investigation on EVs at the meeting.
The meeting focused on discussions regarding Chinese companies optimising their global layout.
Source: The Star
During his meeting in the French capital with representatives from the China Chamber of Commerce to the European Union (EU), as well as over 10 companies from automotive and related sectors operating in Europe including Geely, SAIC Motor, BYD and Contemporary Amperex Technology Ltd, Chinese Commerce Minister Wang Wentao said that the rapid development of Chinese EV companies is based on continuous technological innovation, a well-established supply chain system and market competition.
Chinese business leaders introduced the situation related to investment and operation in Europe and the response to the EU’s anti-subsidy investigation on EVs at the meeting.
The meeting focused on discussions regarding Chinese companies optimising their global layout.
Source: The Star
09 Apr 2024
