In boldly moving against the European Union’s provisional tariffs on Chinese electric vehicles (EVs), Chinese EV makers and industry associations are rallying for fair treatment.
Leading the charge, SAIC Motor Corp, China’s largest automaker, called on the European Commission (EC) to hold a hearing on the tariffs, asserting its commitment to protect its rights and the interests of its global clientele.
At a regular press conference, China’s Foreign Ministry reiterated its stance on resolving trade disputes through dialogue, emphasizing that China will take “necessary measures” to defend its legitimate rights and interests. The ministry’s statement underscores the importance of cooperation and negotiation in international trade relations.
Industry observers predict tough negotiations between China and the EU regarding the bloc’s anti-subsidy probe into Chinese EV companies. They urge the EU to demonstrate sincerity to achieve a balanced and mutually beneficial outcome before the final decision is made in November.
In a statement on the Chinese social media platform Sina Weibo, SAIC Motor revealed that the EC had slightly reduced the additional tariffs imposed on the company from 38.1 percent to 37.6 percent following the submission of its defense.
Chinese EV makers vs. EU tariffs
The automaker criticized the EC’s investigation, claiming it included commercially sensitive information beyond the scope of normal inquiries and contained errors in recognizing subsidies. SAIC also accused the EC of overlooking critical information and defense arguments presented by the company.
Echoing these concerns, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) condemned the EC’s identification of subsidies within Chinese EV firms as unreasonable, arguing that it severely violates World Trade Organization (WTO) and EU anti-subsidy rules. The CCCME called for the EC to rectify its mistakes promptly.
On the other side of the debate, the European Union’s antitrust chief defended the tariffs. European Commissioner for Competition Margrethe Vestager stated that the duties are necessary and justified to ensure fair competition in the global EV industry. Vestager emphasized that the tariffs aim to correct perceived unfair practices rather than eliminate the competitive edge of Chinese EV makers.
Ensuring a level playing field?
“It’s essential for the global EV industry that competition remains fair, and not dominated by a single player,” Vestager explained. She assured that the tariffs would not halt Chinese EV imports to Europe but would ensure a level playing field for all manufacturers.
As both sides prepare for further discussions, the international community watches closely, hoping for a resolution that fosters fair trade and innovation in the burgeoning EV market.
Sources:
Chinese automakers act against EU’s tariffs
‘Not a blockade’: EU competition chief defends tariffs on Chinese EVs
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