China’s Ministry of Commerce (MOFCOM) expressed strong opposition to the EU’s decision to launch an anti-subsidy investigation into Chinese electric passenger vehicles.
EU Commission President Ursula von der Leyen announced on September 25 that the investigation would help judge whether or not the EU should collect punitive tariffs on imports of Chinese electric passenger vehicles.
During the 10th China-EU High-level Economic and Trade Dialogue in Beijing on September 25, the Chinese side urged the EU to cautiously use any trade remedy measures while giving more consideration to protecting a stable global industrial chain and the overall strategic cooperation between the two sides, the Xinhua News Agency reported.
At a press conference on October 4, a MOFCOM spokesperson criticized the EU probe as being “protectionism in the name of ‘fair trade,’” arguing that it lacks sufficient evidence and goes against WTO rules.
According to the China Association of Automobile Manufacturers, in the first three quarters of 2023, China exported 825,000 new energy vehicles, 110 percent more than that in the same period of 2022. In September alone, China exported 96,000 new energy vehicles, a 92.8 percent growth year-on-year.
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