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China stands in support of EV companies' legitimate rights, denies EU overcapacity claims

( April 8, 2024, 03:57 GMT | Official Statement) -- MLex Summary: Chinese electric-vehicle manufacturers operating in Europe, including Geely Auto, SAIC Motor, BYD and CATL, yesterday attended a roundtable presided over by Chinese Commerce Minister Wang Wentao, during which Wang said the Chinese government will support Chinese businesses in defending their legitimate rights and interests, according to a statement published by the Ministry of Commerce. Chinese EV makers didn’t gain competitive advantages from subsidies; instead, their rapid development should be attributed to continuous technological innovation, well-developed production-supply chains, as well as sufficient competition, Wang said. It is utterly baseless for the US and European countries to blame Chinese EV makers for overcapacity, Wang added. Representatives from the China Chamber of Commerce to the EU also attended the meeting, which was held in Paris.The statement follows:...

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