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BEIJING, Jan 24 — China’s ambassador to the European Union called the EU’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair”, Fu Cong told...
China's ambassador to the EU, Fu Cong, has labeled the EU's investigation into Chinese EV manufacturers as "unfair." He cautioned that the EU's actions could lead to further trade investigations into European products.
China's ambassador to the EU, Fu Cong, criticized the EU's probe into Chinese electric vehicle manufacturers, calling it unfair. Cong emphasized China's cooperation with the investigation to avoid trade measures. He pointed out that the EU also subsidizes its own companies, suggesting that if China followed suit, it would face scrutiny. The European Commission is investigating whether to impose tariffs on Chinese EV imports benefiting from state subsidies. Recently, investigators from the Commission will inspect BYD, Geely, and SAIC, escalating tensions between China and the EU.
(Bloomberg) -- The European Union issued a series of modest proposals aimed at protecting some key technologies as it tries to counter a growing rivalry with China and Russia’s invasion of Ukraine.Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing Banks to Keep Smaller ReservesThe European Commissi
China’s ambassador to the European Union called the bloc’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair,” delivering a veiled warning that more European products could face trade investigations. In an interview with Bloomberg, Fu Cong noted that the EU subsidizes many of its own companies and said…