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Express News | The Ministry of Commerce: The European Union will send representatives to China for negotiations on price commitments in the anti-subsidy case for electric autos.
Cui Dongshu: In September 2024, China's share of the global autos market will be 36%.
On October 31st, Cui Dongshu stated that the global autos sales in September 2024 reached 7.72 million units, a 4% year-on-year decrease, and an 8% increase from the previous month of August.
China Retaliates After EU Imposition Of EV Tariffs Up To 45%
CAAM: Disagrees with the final ruling of the EU's anti-subsidy investigation on electric vehicles in China.
Despite the doubts and opposition from various sectors in China and Europe, the European Commission still decided to implement the final anti-subsidy regulations on new pure electric passenger vehicles originating from the mainland, imposing additional anti-subsidy duties ranging from 7.8% to 35.3% on pure electric automobiles imported from the mainland. The China Association of Automobile Manufacturers stated in a document that the final ruling is not objective, extremely unfair to mainland automobile companies, and the association does not acknowledge or accept it. This anti-subsidy investigation is a typical act of trade protectionism disguised as compliance. Levying tariffs not only goes against the basic principles of free trade and fair competition but also does not benefit Sino-European automotive relations.
China NEV Retail at 946,000 in Oct 1-27, Down 1% From Same Period Last Month
The Ministry of Foreign Affairs of the country hopes that the European side will engage in constructive dialogue with China to prevent the escalation of trade friction.
National Foreign Ministry spokesperson Lin Jian presided over the regular press conference, responding to the EU's imposition of tariffs on Chinese electric automobiles. Regarding the issue of tariffs, the spokesperson of the National Department of Commerce has clarified China's position on this. As emphasized in the diplomatic circle, without industry applications, the EU institutions insist on conducting anti-subsidy investigations on Chinese electric automobiles and imposing high tariffs, which is a typical act of trade protectionism that will harm the industrial chain supply chain cooperation between China and Europe, and damage the interests of European consumers. Hope that the EU will continue negotiations with China in a constructive attitude, demonstrate sincerity and flexibility, seek solutions, and avoid escalating trade frictions.
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