The statement came after a video conference held on October 25th between the Minister of Commerce, Wang Wentao, and the Vice-President of the European Commission, Valdis Dombrovskis. At the meeting, the parties discussed the anti-subsidy investigation against Chinese electric vehicles and agreed to continue with the price commitment to find a solution.

The spokeswoman for the Chinese Ministry of Commerce, He Yongqian, emphasized that the Chamber of Commerce of Machinery and Electronic Products represents the interests of multiple Chinese companies involved in the case and that they are working hard on a comprehensive proposal for a price commitment. However, she warned that if the EU negotiates price commitments individually with some companies, this will generate distrust and make the implementation and supervision of the eventual agreement more expensive.

The European Commission alleges that Chinese industrial subsidies led to excess production capacity for cheap electric cars, which flooded the market, created unfair competition and became a threat to the European automotive industry. This justification convinced the bloc to approve additional provisional tariffs of up to 35 percent on Chinese electric vehicles, which would be added to the existing rate of 10 percent.

China’s Ministry of Commerce condemned the imposition, calling the measure protectionist, unfair and unreasonable.

The vote showed a divided European Union, with 10 countries supporting the measure

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