China and the European Union (EU) are set to continue their consultations regarding the EU's anti-subsidy investigation into Chinese electric vehicles (EVs). This follows the recent vote by EU Member State representatives to pass the draft final ruling on the case last Friday.
The anti-subsidy measures are part of the EU’s efforts to address what it perceives as unfair trade practices in the rapidly growing EV market. Chinese EV manufacturers have been under scrutiny as the EU aims to create a level playing field for its own automotive industry.
Sources familiar with the matter have revealed that China has been actively engaging in intensive communications with both the United States and the EU over trade issues related to electric vehicles. These discussions are crucial as the global demand for EVs surges, driven by the push for sustainability and the shift towards greener technologies.
The ongoing talks between China and the EU highlight the complexities of international trade in the tech-driven automotive sector. As both regions strive to lead in the EV market, finding a balanced approach to trade policies will be essential for fostering innovation and maintaining economic growth.
Reference(s):
China, EU to continue consultation on anti-subsidy case involving EVs
cgtn.com
