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Global auto firms expand investment in China market as cooperation is needed to boost global green transition

While US-led Western countries are taking unilateral and protectionist actions against China’s booming new-energy vehicle (NEV) sector, the world’s leading automakers such as BMW Group have briskly increased their investment in the China market for greater opportunities, expressing their confidence in the world’s second-largest economy and consumer market.

Chinese NEV makers, industry bodies urged to actively deal with trade restrictions by foreign governments

Nine Chinese departments including the Ministry of Commerce said on Wednesday that they would actively help enterprises in the new-energy vehicle (NEV) sector respond to foreign trade restrictions, while guiding industry associations and companies to collaborate with international counterparts, according to a jointly released opinion.

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