China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying it is a protectionist action aimed at distorting the supply chain
“What I want to emphasize is that the investigation measure that the European Union plans to take is to protect its own industry in the name of fair competition," Commerce Ministry spokesperson He Yadong said at a briefing in Beijing.
“It’s naked protectionist behavior that will seriously disrupt and distort the global automotive industrial chain and supply chain including the European Union, and will have a negative impact on China–EU economic and trade relations,” he said. In a statement, the ministry urged the EU to create a “fair, non-discriminatory and predictable” marketIn China, EV prices start as low as 100,000 yuan for a compact SUV with a 400-kilometer range on one charge.
On Thursday, Cui Dongshu, head of the China Passenger Car Association, also opposed the investigation in comments written on his WeChat social media account. “I personally firmly oppose the EU’s evaluation of China’s new energy vehicle exports, not because it has received huge state subsidies, but because China’s industrial chain is highly competitive,” Cui said.Cui urged the EU to take an “objective view of the development of China’s electric vehicle industry” instead of using what he said are economic and trade tools to increase the costs of Chinese electric vehicles in Europe.
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