China's Ministry of Commerce doubled down on its defense of the country's electric vehicle (EV) industry Thursday, urging the EU to ditch 'protectionist' tactics and recognize the real drivers of China's EV success: innovation and market dynamics. ⚡
'Facts are facts—our competitive edge isn’t built on subsidies,' said spokesperson He Yongqian, emphasizing that both sides must agree on objective evidence to resolve the ongoing anti-subsidy probe. 💬
The EU’s provisional tariffs of up to 37.6% on Chinese EVs, implemented July 4, have drawn backlash for potentially hiking costs for European consumers and slowing the green transition. Critics call it a lose-lose move. 💸🌱
China isn’t backing down. On Wednesday, it launched its own probe into the EU’s foreign subsidy investigations—a chess move in this high-stakes trade game. ♟️
While both sides aim for a mutually acceptable solution, the standoff spotlights a bigger question: Can global trade rules keep pace with the EV revolution? 🚗💨
