– Global markets are currently flooded with cheaper electric cars. And their price is artificially low thanks to huge state subsidies – said President Ursula von der Leyen in her annual speech to Parliament. – This distorts our market. And because we don’t accept it from the inside, we don’t accept it from the outside, she added. Therefore The European Commission has decided to open an anti-subsidy investigation into electric vehicles from .
Ursula von der Leyen accuses China of unfair practices
– is open to competition, but we must defend ourselves against unfair practices. (…) Too often our companies are excluded from foreign markets or fall victim to predatory practices. They are often undercut by competitors benefiting from huge state subsidies. We have not forgotten how China’s unfair trade practices have impacted our industry – said von der Leyen, emphasizing the importance of electric cars in achieving climate goals.
China has placed a strong emphasis on electric cars
In fact, Chinese exports are growing at an extraordinary pace. describes that, according to the China Passenger Car Association (CPCA), Chinese car exports increased by 31 percent in August. after an increase of 63 percent in July. There is also an increase in sales on the European market. Of the new electric vehicles sold this year in Europe, 8 percent were Chinese brands, compared to 6 percent last year and 4 percent in 2021 – according to data from the consulting company Inovev, cited by Reuters.
However, the investigation does not mean that the EU wants to enter into conflict with China, as the President of the European Commission also assured. – However, it is equally important to maintain open lines of communication and dialogue with China. Because there are also topics on which we can and must cooperate. Risk mitigation, not separation – this will be my approach in contacts with Chinese leaders at the EU-China summit later this year, she announced.
Source: Gazeta
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