news

On August 20, the European Commission released the final ruling on the anti-subsidy investigation of Chinese electric vehicles, and will impose high tariffs on Chinese-made electric vehicles. In response, the China Association of Automobile Manufacturers said today (August 21):The European Commission's arbitration information seriously distorts the facts of China's electric vehicle industry. The China Association of Automobile Manufacturers expressed strong dissatisfaction and resolute opposition on behalf of the Chinese automobile industry.

According to information disclosed by the European Commission, three sampled Chinese electric vehicle companiesBYD、auspiciousThe anti-subsidy rates for SAIC are 17.0%, 19.3% and 36.3% respectively.TeslaThe anti-subsidy tax rate is 9%, the average tax rate for cooperating enterprises is 21.3%, and the tax rate for non-cooperating enterprises is 36.3%.

The China Association of Automobile Manufacturers said that the European Commission has imposed high anti-subsidy duties on Chinese electric vehicles.It has brought great risks and uncertainties to Chinese companies operating and investing in Europe, and has damaged the confidence of Chinese companies in operating and investing in Europe.This will have a serious adverse impact on driving the development of the EU automotive industry, increasing local employment opportunities in the EU, and achieving green and sustainable development.

The China Association of Automobile Manufacturers hopes that the EU will proceed from the overall situation of China-EU industrial cooperation, adhere to dialogue and cooperation, jointly maintain a fair, non-discriminatory and predictable market environment for the development of the China-EU and even global automobile industries, and jointly maintain the security of the global automobile industry chain and supply chain.

In response to this, the Ministry of Commerce responded on the 20th that the final ruling disclosed by the EU did not fully absorb the opinions of the Chinese side, and still insisted on its wrong practices, imposing high tax rates, and using sampling to discriminate between different types of Chinese companies, distorting the results of the investigation. The final ruling was based on the "facts" unilaterally recognized by the EU, rather than the facts recognized by both parties.China firmly opposes and is highly concerned about this.

China has always been committed to properly handling trade disputes with the EU through dialogue and consultation with the utmost sincerity. We hope that the EU will truly work with China, adopt a rational and pragmatic attitude, speed up the exploration of appropriate solutions, and take practical actions to avoid the escalation of trade frictions.China will take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.

Previously, in order to safeguard the development rights and interests of the electric vehicle industry and global green transformation cooperation, on August 9, China brought the EU's temporary anti-subsidy measures on electric vehicles to the World Trade Organization's dispute settlement mechanism.

“Do not use unfair means to hinder China-EU automotive cooperation"

On October 4, 2023, the European Commission launched an anti-subsidy investigation against Chinese electric vehicles. On July 4, 2024, the European Commission announced a preliminary ruling to impose a temporary anti-subsidy tax of 17.4% to 37.6% on Chinese electric vehicles.

The European Union Chamber of Commerce in China stated that the development of the European automotive industry and EU reports both showed that there was insufficient evidence to show that China's new energy vehicles had caused substantial damage to the EU market, and that the EU's practice of forcibly implementing trade measures based on "threat of damage" violated relevant WTO principles and was unacceptable to the industry.

The European Union Chamber of Commerce in China once again stressed that the European Commission's unfair use of trade tools to hinder the free trade of electric vehicles will only harm the resilience of the European automotive industry itself, impact the fair competition environment and the EU's own green transformation, and exacerbate China-EU trade tensions, sending an extremely wrong signal to global cooperation and green development.

The European Union Chamber of Commerce in China stressed that since the EU launched an anti-subsidy investigation into Chinese electric vehicles, the Chinese and European automotive industries have been calling on the EU to respect facts, not to arbitrarily use trade tools to disrupt the market, and not to use unfair means to hinder China-EU automotive cooperation.

It is reported that after the European Commission discloses the final ruling, it will make a final decision before November 4.

Source: CCTV News, Ministry of Commerce website, China Business Network, etc.