Official announcements from the European Commission

Wang Wentao Urges EU to Resolve Five-Year Anti-Subsidy Probe on EVs Amid China's Latin America Expansion

Nov 3, 2024, 11:20 PM

China is seeking to engage the European Union (EU) in talks regarding the EU's anti-subsidy investigation into Chinese-made electric vehicles (EVs). The Chinese Commerce Minister, Wang Wentao, has urged France to advocate for a sincere dialogue with the European Commission to reach a mutually acceptable resolution. This investigation has raised significant concerns among both Chinese and European industries, as it could hinder cooperation in the auto sector. Analysts have warned that imposing tariffs on Chinese EV imports could undermine global climate goals, while Chinese manufacturers have begun to expand aggressively into Latin America, particularly Brazil, to counteract restrictions in the U.S. and Europe. The EU's decision to impose definitive countervailing duties on Chinese EVs for five years has faced strong opposition from German officials and industry stakeholders, highlighting the tensions between protecting local markets and fostering international trade.