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China reaffirms open cooperation in auto industry despite EU subsidy probe

( November 1, 2024, 04:09 GMT | Official Statement) -- MLex Summary: China said it has been supportive and encouraging of the mutually beneficial and win-win normal economic and trade-investment cooperation in the automotive industry between China and Europe. He Yadong, a spokesman for China's commerce ministry, made the remarks when responding to media reports about the Chinese government's request for auto companies to suspend business expansion and investment in the EU. He added that China has maintained an open and cooperative attitude, adhered to a market-led approach for full competition and cooperated with relevant countries in the electric-vehicle industry through trade, investment and technology for supply chain stability, low-carbon transition and a common response to climate change....

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