Hey there, amigos! 🌟 Get ready for some electrifying news in the world of electric vehicles (EVs). China is calling on the European Union (EU) to get real and acknowledge the facts amid an ongoing anti-subsidy probe into Chinese EVs. 🚘🔍
China's Ministry of Commerce (MOC) spokesperson, He Yongqian, dropped some truth bombs this Thursday, emphasizing that consultations between China and the EU should rest on two major pillars: facts and rules. \"The facts should be objective and mutually recognized by both parties, rather than unilaterally determined,\" He stated. 🧐💬
Translation? China wants the EU to admit that the competitive edge of Chinese EVs comes from innovation and efficiency, not from subsidies. \"It's hoped that the European side will face up to the facts that China's competitive advantage in EVs does not come from subsidies, China-EU auto industry cooperation is conducive to shared development, and the EU industry opposes trade protectionist measures,\" He added. 🤝🌐
Flashback to July 4th 🎆: The European Commission decided to introduce provisional additional tariffs of up to 37.6% on Chinese EV makers. Ouch! These tariffs have been widely criticized as protectionist and have sparked concerns over rising costs for EU consumers and potential roadblocks in the global green transition. 🌍💔
Fast forward to this week, and China's not taking it lying down. On Wednesday, the MOC launched a trade and investment barrier investigation into the EU's practices in its foreign subsidy investigations. 👀⚖️
China has made it clear that they're all about finding a mutually acceptable solution to this EV trade spat. They're urging the EU to make reasonable and objective decisions based on facts and rules. Sounds like a fair play, right? 🏀🤷♂️
In a world that's shifting towards greener alternatives, cooperation is key! Let's hope these global players can park their differences and drive together towards a sustainable future. 🌱🚀
Reference(s):
China calls on EU to acknowledge facts amid EV anti-subsidy probe
cgtn.com
