Employees work on the assembly line of electric vehicles at a digital automobile factory of Jiangling Motors on May 17, 2024.
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BEIJING – China hopes to soon reach an agreement with the European Union over the bloc’s planned tariffs on imported Chinese electric cars, the Commerce Ministry said Thursday.
The European Commission announced in mid-June that the EU would begin imposing additional tariffs on imported Chinese electric vehicles from Thursday July 4 if talks with China do not go well. According to a press release, “final measures” would come into force four months after that date.
“We hope that the European side will work with China to accommodate each other, show sincerity, accelerate the consultation process and reach a mutually acceptable solution as soon as possible based on rules and reality,” Das said Chinese Ministry of Commerce spokesman He Yadong told reporters in Mandarin, according to a CNBC translation.
He reiterated China’s opposition to the European Union’s anti-subsidy investigation, pointing out that the two sides still have a four-month window.
According to the Ministry of Commerce, China’s Trade Minister Wang Wentao and European Commission Trade Commissioner Valdis Dombrovskis met virtually on June 22 to discuss the EU investigation.
Spokesman He said on Thursday that the two sides had held several rounds of technical-level talks, but did not specify whether the talks were still ongoing or had already ended.
The EU launched an investigation last year into the role of subsidies in the production of electric vehicles in China. The new energy vehicle industry, which includes hybrid and pure battery-powered cars, is emerging in China and with automakers such as B. grew rapidly BYD have started exporting the vehicles to Europe and other regions.
The Chinese government has spent $230.8 billion developing its electric car industry over more than a decade, according to an analysis by the U.S. Center for Strategic and International Studies.
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2024-07-04 08:32:43
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