Guess what? Over the weekend, China's Minister of Commerce Wang Wentao and the European Commission's Executive Vice President Valdis Dombrovskis got together—virtually, of course—to chat about something big: electric vehicles! ⚡🚗
At the request of Dombrovskis, the two top trade officials hopped on a video call this past Saturday. They discussed the European Union's recent anti-subsidy investigation into China's booming electric vehicle industry. According to the Chinese Ministry of Commerce, both sides agreed to kick off consultations regarding this investigation.
Why is this important? Well, the EU is looking into whether Chinese electric vehicle companies are receiving unfair subsidies, which could shake up the global EV market, especially in Europe.
This convo could be a major step towards smoothing out any trade bumps between China and the EU. 🌍🤝
Stay tuned for more updates on how this could shape the future of electric cars and international trade! 🚀
Reference(s):
cgtn.com
