By The Financial District
Apr 101 min
China's commerce minister, Wang Wentao, is set to arrive in Paris for discussions that are expected to address concerns regarding China's increasing export of low-cost electric vehicles (EVs) to the European market, according to Gilles Guillaume and Elizabeth Pineau's report for Reuters.
The talks with Wang Wentao come amid a European Commission investigation into whether China's EV industry has benefited from unfair subsidies, which has raised concerns among European carmakers. I Photo: © European Union, 2024
The talks come amid a European Commission investigation into whether China's EV industry has benefited from unfair subsidies, which has raised concerns among European carmakers.
The EU is considering imposing punitive tariffs on Chinese EV imports, alleging that they benefit from significant state subsidies.
China contests these claims, arguing that its EV industry growth is not solely due to subsidies but also factors like innovation and competitiveness. The discussions in Paris are crucial for addressing trade tensions and ensuring fair competition in the EV market between China and Europe.