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China says EU's 'unfair' EV subsidies probe risks damaging ties

Reuters · 1y ago

China says EU's 'unfair' EV subsidies probe risks damaging ties

China's ambassador to the European Union, Fu Cong, has criticized the EU's investigation into Chinese electric vehicle (EV) manufacturers over state subsidies, calling it "unfair". He stated that China is cooperating with the probe to avoid resorting to trade measures. Cong mentioned that the EU also provides subsidies to its own companies and suggested that if China adopted a similar approach, it could lead to investigations. Tensions between China and the EU have been rising, partly due to China's closer ties with Russia following the Ukrainian invasion. The EU is aiming to decrease its dependence on China for materials and products.

Related News

EU investigators to inspect China's BYD, Geely and SAIC in EV probe

Reuters · 1y ago

EU investigators to inspect China's BYD, Geely and SAIC in EV probe

The European Commission is set to inspect Chinese automakers, including BYD, Geely, and SAIC, as part of an investigation into whether to impose punitive tariffs to protect European electric vehicle (EV) makers. The probe, launched in October, aims to determine if cheaper Chinese-made EVs unfairly benefit from state subsidies. The visits are for verification work, checking the automakers' responses to questionnaires. China considers the investigation protectionist, which has further strained tensions between Beijing and the EU. Chinese-made vehicles currently hold an 8% share of the EU's EV market.

Chinese chipmaker Nexperia invests $200 million in European expansion

Economic Times

Economic Times · 1y ago

Chinese chipmaker Nexperia invests $200 million in European expansion

Nexperia, a major semiconductor manufacturer, has announced a $200 million investment to expand its production capacity at its main site in Hamburg, Germany. The investment by Nexperia, owned by Chinese electronics company WingTech, comes without state subsidies and is a notable chip investment in Europe. This move coincides with the EU's investigation into unfair subsidies for legacy chips produced in China, potentially affecting Nexperia. The company is known for producing 100 billion chips annually, a quarter of the global supply, and specializes in wide bandgap chips that are used in electric cars and green energy systems.

Exclusive: China commerce minister to head to Europe to make EV case

Reuters · 1y ago

Exclusive: China commerce minister to head to Europe to make EV case

China's Commerce Minister, Wang Wentao, is set to travel to Europe in April to discuss the European Commission's investigation into China's electric vehicle industry. The investigation aims to determine whether the industry has benefited from unfair subsidies and may result in tariffs being imposed on exports. Wang will visit France and will be accompanied by representatives from companies such as BYD, SAIC, and Geely. China has disputed the claim that its EV industry has boomed due to subsidies and considers the EU inquiry to be protectionist. China overtook Japan last year as the largest car exporter.

China voices dissatisfaction after EU's formal launch of EV subsidy probe

Economic Times

Economic Times · 2y ago

China voices dissatisfaction after EU's formal launch of EV subsidy probe

China has expressed dissatisfaction with the European Union's demand for consultations on its investigation into subsidies for Chinese electric vehicles. The Chinese commerce ministry stated that the investigation lacked evidence and violated World Trade Organization rules. China urged the EU to protect the global supply chain and the strategic partnership between the two. The European Commission recently launched the investigation to assess whether tariffs should be imposed on cheaper Chinese electric vehicle imports that allegedly benefit from state subsidies.

China files complaint against India in WTO over EV, battery subsidies

Economic Times

Economic Times · 15d ago

China files complaint against India in WTO over EV, battery subsidies

China has filed a complaint with the World Trade Organization (WTO) against India's subsidies for electric vehicles (EVs) and batteries, alleging they violate global trade norms. Beijing claims these subsidies unfairly support India's domestic industries and act as prohibited import substitution subsidies. India has implemented policies like the electric-vehicle policy and a production-linked incentive scheme to boost domestic EV manufacturing. China seeks consultations with India, marking the initial step in WTO's dispute settlement process.

Roche chairman calls industrial subsidies a ‘waste of money’

Livemint

Livemint · 1y ago

Roche chairman calls industrial subsidies a ‘waste of money’

Roche's Chairman, Severin Schwan, has criticised the recent surge in industrial subsidies provided by governments in the US and Europe, calling them a waste of money. Schwan believes that these subsidies distort competition and hinder a level playing field. The US and the European Union have accused China of giving its companies an unfair advantage through subsidies. While Schwan did not comment on China's subsidy policies, he suggested that the country should not try to match Western subsidy initiatives, urging them to focus on investing in basic research instead.

US will proceed with probe of solar imports from India, Laos and Indonesia

Economic Times

Economic Times · 2m ago

US will proceed with probe of solar imports from India, Laos and Indonesia

The U.S. International Trade Commission has decided to investigate whether solar panels imported from India, Laos, and Indonesia are harming U.S. solar manufacturers. This could lead to tariffs on these imports. The investigation stems from claims that Chinese companies operating in these countries receive unfair subsidies and sell products below production cost, impacting U.S. industry investments. Significant import increases from these countries have prompted the probe, with decisions on countervailing and antidumping duties expected soon.

Economic Survey 2025: Calls for financial sops to drive EV adoption, flags risks of reliance on Chinese imports

Economic Times

Economic Times · 9m ago

Economic Survey 2025: Calls for financial sops to drive EV adoption, flags risks of reliance on Chinese imports

The Economic Survey 2024-25 emphasizes financial incentives, like tax breaks and subsidies, to boost electric vehicle (EV) adoption in India. It highlights concerns over heavy reliance on Chinese imports for EV production, advocating for indigenizing technology and materials. The survey underscores the importance of expanding existing policies to support the domestic EV ecosystem and recommends strategies such as enhancing R&D, battery recycling, and incentivizing EV cell manufacturing to reduce dependence on China.

EU considering whether to attend Britain's AI summit, spokesperson says

Economic Times

Economic Times · 2y ago

EU considering whether to attend Britain's AI summit, spokesperson says

The European Union is considering attending Britain's upcoming AI safety summit, which aims to discuss the risks associated with artificial intelligence. The summit, hosted by British Prime Minister Rishi Sunak in November, aims to bring together governments, tech companies, and academics. The EU's potential participation comes as the bloc is finalizing its own AI legislation, making it the first of its kind globally. While the invitee list has not been disclosed, it is expected to include world leaders and tech experts. The British government has faced criticism for inviting China to the summit.

China import concerns spur US to launch semiconductor supply chain review

Economic Times

Economic Times · 1y ago

China import concerns spur US to launch semiconductor supply chain review

The US Department of Commerce plans to conduct a survey of the semiconductor supply chain and national defense industrial base to address national security concerns related to Chinese-sourced chips. This survey aims to identify how US companies are sourcing legacy chips and reduce the national security risks posed by China. The US will award nearly $40 billion in subsidies for semiconductor chip manufacturing and wants to promote a level playing field for chip production. China has provided an estimated $150 billion in subsidies to its semiconductor industry in the last decade.

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