China bolsters defence of overseas EV sales against US, EU counterpunches
- Beijing this week expressed ‘strong dissatisfaction’ toward an ongoing European Union investigation into China’s exports of electric vehicles (EVs) and related products
- About 75 per cent of China’s US$28.2 billion EV value-chain investment overseas last year went to Europe, the Middle East, North Africa and other parts of Asia
China is taking measures to defend its sales of electric vehicles (EVs) and batteries in Europe and the United States against growing challenges to its expansion.
His rebuke followed the China Chamber of Commerce to the EU having said last week that it would form a working group to be a “voice” for Chinese carmakers in Europe.
Also this week ahead of the “two sessions” annual parliamentary meetings, the China National Democratic Construction Association – a minor political party – said it planned to approach the Chinese People’s Political Consultative Conference advisory body about the EV issue, according to Chinese news agency Cailianshe.
The party proposed seeking mutual recognition for EV “standards” with the European Union, bolstering the intellectual property rights of Chinese firms overseas and improving trade-linked logistics.