EU's final ruling on Chinese electric vehicles announced, China Council for the Promotion of International Trade speaks out
2024-08-23
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
On August 21, the China Council for the Promotion of International Trade in Automobiles said on its official WeChat account: The EU’s final ruling on Chinese electric vehicles has seriously damaged China-EU automobile economic and trade cooperation.
On August 20, the European Commission disclosed the final ruling of the anti-subsidy investigation on Chinese electric vehicles that it had previously launched. The anti-subsidy rates of the three sampled Chinese electric vehicle companies, BYD, Geely, and SAIC, were 17.0%, 19.3%, and 36.3%, respectively. The anti-subsidy rate for Tesla was 9%, the average rate for cooperating companies was 21.3%, and the rate for non-cooperating companies was 36.3%. The China Council for the Promotion of International Trade in Automobiles, on behalf of the Chinese auto industry, expressed regret and firm opposition to the final ruling.
The final ruling announced by the European Commission this time disregarded China's opinions, insisted on its wrong practices, and imposed high tariffs, which violated the principles of market economy and international trade rules. It not only seriously affected the healthy development of the global automotive industry which was at a critical period of green transformation, but also seriously damaged China-EU automotive economic and trade cooperation.
China and the EU have a long-term good cooperation foundation in the automotive field, forming a deep integration and high dependence relationship from parts to complete vehicles. As an important tool for responding to global climate change, new energy vehicles should provide a broader prospect for cooperation for the current Sino-European automotive industry to further achieve mutual benefit and win-win results. It is hoped that the EU and China will move forward hand in hand to jointly maintain the stability of the global automotive industry chain, jointly create a fair and just international trade environment, and jointly promote the sustainable development of the world economy.
