Shanghai Zhongshen International Trade Co., Ltd. - Two decades of trade agency expertise.
Service Hotline: 139 1787 2118
The EU Will Launch an Anti - subsidy Investigation into Chinese Electric Vehicles
Category: Industry TrendsDate: October 17, 2024 11:08Source: China Council for the Promotion of International Trade
Home?Industry Trends? The EU Will Launch an Anti - subsidy Investigation into Chinese Electric Vehicles
With the rapid rise of the electric vehicle industry, competition in the international market has become increasingly fierce. Recently, the EU has launched a counter - subsidy investigation on imported Chinese electric vehicles. The following are the relevant situations of all parties:
Statement by European Commission President Ursula von der Leyen
? European Commission President Ursula von der Leyen announced in the State of the Union address to the European Parliament on September 13 that a counter - subsidy investigation would be launched on electric vehicles imported from China. ? Von der Leyen said that due to huge state subsidies, the Chinese market is flooded with low - priced electric vehicles, which distorts the normal order of the European market. ? She emphasized that electric vehicles are crucial to the EUs environmental goals, but the EU will not accept race to the bottom.
Specific measures of the counter - subsidy investigation
? According to a report by Bloomberg, the European Commission said that the counter - subsidy investigation must be completed within 13 months after its launch, and interim measures will be taken no later than 9 months. In the following 4 months, if permitted by law, final measures will be implemented. ? Anti - dumping and counter - subsidy are trade remedy measures allowed by the World Trade Organization (WTO), aiming to prevent imported products from impacting the domestic market at low prices and causing damage to domestic industries.
Views of the Chinese side
? Chen Shihua, Deputy Secretary - General of the China Association of Automobile Manufacturers, said that the Chinese automobile export market should attach great importance to but not be overly optimistic about the possible measures taken by the EU. ? Xu Haidong, Deputy Chief Engineer of the China Association of Automobile Manufacturers, is concerned that under the international political and economic situation, some countries may implement supply - chain decoupling, which will affect the development of Chinese brands in the international market. ? The EU - China Business Association expressed concern and opposition to the counter - subsidy investigation, calling on the EU to view the development of the Chinese electric vehicle industry objectively and not to arbitrarily use unilateral economic and trade tools to prevent the development of Chinese electric vehicles in Europe.
Attitudes within the EU
? Von der Leyen pointed out that the EU does not want to decouple from the Chinese electric vehicle supply chain, but only to reduce risks. ? France, as a major member state of the EU, has long warned about the influx of Chinese cars into the European market, which weakens the competitiveness of European cars. To this end, France plans to adjust the government subsidy for the purchase of electric vehicles, linking the subsidy to carbon footprint and environmental protection standards, excluding Chinese electric vehicles. ? French Finance Minister Bruno Le Maire called on Europe to take more stringent measures to protect European industry and began to review state aid rules to promote the production of electric vehicles in the EU. ? German officials warned that if China takes counter - measures, it may damage EU exports to China, making it more difficult for European companies that have made large investments in China.
The position of Chinese electric vehicles in the international market
? Data shows that the sales volume of Chinese electric vehicles in overseas markets continues to grow, and Europe has become the main export destination for Chinese cars, especiallyNew energycars. Brands such as BYD and MG are actively entering the European market, which may pose a threat to European local brands such as Stellantis and Volkswagen. Chinas Foreign Trade Reaches a New High in 2024, with Private Enterprises as the Main Force