Electric cars are manufactured at a factory in Wuhan, Hubei province, China. Photo: THX/TTXVN
Speaking at a high-level meeting between China and Germany on climate change and green transition on June 22, Mr. Zheng Shanjie affirmed that China will take all necessary measures to protect legitimate rights and interests. of Chinese enterprises.
Mr. Zheng Shanjie also rejected the assertion that there is “overcapacity” in China’s new energy sector and called these statements contrary to market principles.
The senior Chinese official said the development of the new energy sector in China is driven by advantages in technology, market and industrial chain.
China’s official data shows that most new energy vehicles (NEVs) are sold in the domestic market, with the export rate accounting for only 12.5% of total production.
German Deputy Prime Minister and Minister of Economics Robert Habeck is on an official visit to China and attended the above meeting, affirming that the EU’s tariff proposal on Chinese electric vehicles is to compensate for the advantages that Chinese companies get from the domestic government.
It is expected that the EU will begin applying temporary additional tariffs on Chinese electric vehicles imported into the entire bloc market from July 4. Meanwhile, the anti-dumping investigation will continue until November 2. Only then can final tariffs, which typically last five years, be issued and applied.
During his visit to China on June 22, German Economy Minister Robert Habeck also said that the EU is keeping the door open for discussions related to the bloc’s tariffs on Chinese exports. Minister Habeck noted that until November 2024, there is still time for the EU and China to conduct dialogue on tariff issues. He expressed confidence in the open market, but emphasized that this market requires a level playing field.
China has objected to the EU’s tariff proposal and the country’s automakers are calling on Beijing to impose import taxes on European internal combustion engine vehicles.
China accounted for nearly a third of all German car sales last year.