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Subsidies not reason for Chinese EVs competitive advantage: minister
Updated: Apr 8, 2024
Xinhua
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PARIS - Wang Wentao, minister of Commerce of China, said here Sunday that Chinese electric vehicle (EV) manufacturers' rapid development is a result of constant tech innovations, well-established supply chain system and market competition, not subsidies.
The accusations of "overcapacity" by the United States and Europe are groundless, he said.
Noting that the development of China's EV industry has made an important contribution to the global response to climate change as well as green and low-carbon transformation, Wang said the Chinese government will actively support enterprises in safeguarding their legitimate rights and interests.
