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The newly launched BYD seal will be exhibited at the Chinese-made BYD brand launch in Jakarta on January 18, 2024, and will be unveiled at the same time as two other battery-powered vehicles ( EV (electric vehicle) was also introduced. Indonesia invests $1.3 billion. (Photo credit: BAY ISMOYO/AFP) (Photo credit: BAY ISMOYO/AFP via Getty Images)
Ismoyo Bay | AFP | Getty Images
China’s Commerce Minister Wang Wentou said the rapid rise of the country’s electric vehicle companies was not due to subsidies but to “continuous technological innovation”.
State news agency Xinhua said claims of “overcapacity” by the United States and Europe were baseless. report Monday. Wang also said that China’s EV advantage is due to its “established supply chain system and market competition.”
Wang made the remarks Sunday at a roundtable in Paris with representatives from more than 10 Chinese companies, including electric car makers Geely Automobile and BYD, as well as electric car battery maker CATL. went. statement The Ministry of Commerce indicated.
Roundtable discussion centered on EU anti-subsidy investigation into electric vehicle imports from ChinaAmong other things, it includes a variety of topics, according to the statement.
king I got it. China’s EV industry has “made important contributions to the global response to climate change and green and low-carbon transformation,” he said. He also said the Chinese government will protect the “legitimate rights and interests” of Chinese companies.
In October, the EU launched an investigation to determine whether tariffs should be imposed “to offset state subsidies and level the playing field” following a significant increase in imports of battery EVs from China. .
European Commission President Ursula von der Leyen said in September that “the world market is full of cheap electric cars,” and that prices have been “kept artificially low” due to “huge state subsidies.” “
US Treasury Secretary Janet Yellen on Saturday He said he was “particularly concerned” about the impact that overcapacity in Chinese industry would have on the U.S. economy.
Yellen is currently visiting China for talks. on issues such as managing the bilateral economic relationship between the United States and China and promoting U.S. interests.
Yellen said the U.S. and China will hold “intensive exchanges” that will “facilitate discussion on macroeconomic imbalances, including as they relate to overcapacity.” Said Saturday after a meeting with Chinese Vice Premier He Lifeng.
“I will use this opportunity to advocate for a level playing field for American workers and businesses,” he said, adding, “A shift away from policies that promote overcapacity will benefit the U.S., China, and global economies. It will be beneficial,” he added.