Current location:World Walkthrough news portal > opinions
China's EV success due to globalization, good quality, cost control, not subsidy: FM spokesperson
World Walkthrough news portal2024-05-21 22:20:41【opinions】4People have gathered around
IntroductionThe success of China's electric vehicles (EV) is "the success of globalization," and Chinese-made EV
The success of China's electric vehicles (EV) is "the success of globalization," and Chinese-made EVs are internationally popular due to their good quality, production capacity and cost controls, instead of subsidies, a Foreign Ministry spokesperson said on Wednesday.
"We hope that the EU side will abide by WTO rules, honor its commitment to market openness, respect the laws of the market economy and the innovation efforts of Chinese enterprises, prudently use trade remedy tools and jointly safeguard China-EU economic and trade cooperation," Wang Wenbin, the spokesperson, said during a regular press conference, when asked about the EU's probe into Chinese EVs.
Across the global EV supply chains, the interests of all parties are intertwined, Wang said, adding that Chinese EVs have contributed to global green and low-carbon development.
As to China's anti-dumping investigations into imported brandy from the EU, Wang reiterated China's commitment to a high level of opening-up and upholding the principles of the market economy and WTO rules, and this will not change.
"We are ready to provide an open, inclusive, transparent and non-discriminatory business environment to foreign companies, including those from the EU, to conduct trade and investment cooperation in China," Wang said.
The Ministry of Commerce (MOCFOM) announced on January 5 that it will launch an anti-dumping probe into some imported brandy from the EU. The investigation was initiated at the request of Chinese companies, an official in charge of the MOFCOM's Trade Remedy and Investigation Bureau said.
Upon receipt of the application, the MOFCOM examined it in accordance with Chinese laws and regulations and in compliance with WTO rules, and it held that the application met the requirements for filing an anti-dumping investigation, the official said.
"We will conduct the investigation according to relevant Chinese laws and regulations, as well as WTO rules, in an open and transparent way and safeguard the rights of all stakeholders in the process," Shu Jueting, a spokesperson for the MOFCOM, said on January 12.
China's anti-dumping investigations accord with China's legal framework and the WTO guidelines, and a decision will be based on factual evidence. However, EU investigations into Chinese EVs have not followed the WTO rules and they smack of trade protectionism, Chinese analysts said.
According to the WTO's anti-subsidy regulations, the EU is required to first demonstrate that Chinese EVs have received subsidies and that this has affected local manufacturers. However, the bloc has not proved any receipt of subsidies nor shown that local EU production of EVs has been affected by imports from China, Sun Yanhong, a senior research fellow at the Institute of European Studies under the Chinese Academy of Social Sciences, told the Global Times.
Some critics in the EU claim that China-made EVs sold in the EU market have a clear price advantage over those made by local manufacturers, but they never mention that Chinese cars sold in the EU are about twice as expensive as those sold in China, industry insiders pointed out.
They added that components such as motors, controllers and chargers used in China-made EVs come from European companies, including but not limited to Bosch, Siemens and Alstom. Chinese EVs producers are also working with European automakers to promote technological innovations.
For example, Bosch on Monday won the approval to start construction of the second phase of a production base for new-energy vehicle components and a self-driving research and development (R&D) center in Suzhou, East China's Jiangsu Province, the Suzhou Industrial Park announced on its WeChat account on Tuesday.
Total investment for Bosch's Suzhou production and R&D base will exceed $1 billion. Phase one of the project is expected to begin trial production in September, and formal mass production will be achieved in early 2025.
Analysts said that opening-up has promoted the development of China's EV industry. China has maintained an open and welcoming attitude toward EV companies from around the world, including Volkswagen and Tesla.
Address of this article:http://nigeria.prpsystems.net/news-20d699954.html
Very good!(2)
Related articles
- Who is Abi Carter? Inside the American Idol winner's unconventional family life
- Colin Firth's Pride and Prejudice wet shirt up for auction
- Duke and Duchess of Edinburgh step in for cancer
- JANET STREET
- Eleanor Tomlinson puts on a leggy display in sparkly black minidress as she joins co
- Lucy Hale reveals what her current equation is with her Pretty Little Lies co
- Harry Styles and Niall Horan soak up the action at The Masters with the Love on Tour star watching 6
- Netflix fans hail 'mind
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Distressing moment horse is rescued after falling into a Florida pond
Popular articles
Recommended
It's no wonder parents are taking their children on holiday during term time! Sky
Best quotes from Harry and Meghan's shocking Oprah interview
Horoscope today: Daily guide to what the stars have in store for YOU
America's best fast food restaurants ranked
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Duke and Duchess of Edinburgh step in for cancer
Florence's iconic 700
The truth about trend of new mothers drinking their OWN breast milk
Links
- Massachusetts House launches budget debate, including proposed spending on shelters, public transit
- Xavi will stay with Barcelona for another season, AP sources say. Coach had planned to leave
- Australia and New Zealand honor their war dead with dawn services on Anzac Day
- UN calls for probe into mass graves at Shifa and Nasser hospitals in Gaza
- Authorities in Togo are cracking down on media and the opposition, report says ahead of election
- Mississippi city settles lawsuit filed by family of man who died after police pulled him from car
- Texas Instruments, Mattel rise; General Dynamics, Teledyne fall, Wednesday, 4/24/2024
- Jelly Roll hits the gym amid his plans to lose 250lbs
- Mississippi city settles lawsuit filed by family of man who died after police pulled him from car
- Brad Pitt and Ines de Ramon are struggling to 'move forward' while his EIGHT