As tensions rise over electric vehicle (EV) trade, a Chinese industry group is pushing the European Union to rethink controversial tariffs – arguing collaboration, not conflict, will drive green tech forward. 🌍🔋
\"Unlawful\" Probe Sparks Backlash
The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) called the EU's recent anti-subsidy investigation \"unlawful,\" claiming its sample of Chinese EV exporters was too small (39% of total exports) and ignored foreign-branded cars made in China. 🔍⚖️
Innovation, Not Subsidies
CCCME VP Shi Yonghong emphasized China's EV boom stems from tech breakthroughs and supply chain strength, not state support. New data shows China's EV sales jumped 30% YoY in H1 2024, capturing 35% of its auto market. 🚀🔌
EU Industry Pushes Back
Volkswagen and other European automakers oppose the tariffs, fearing they'll backfire. \"Trade wars are so last season,\" one analyst quipped, noting how competition boosted both Chinese and EU brands historically. 🤝⚡
With both sides stressing mutual economic interests, all eyes are on whether Brussels will adjust its approach before final tariffs take effect in November. 💼🌐
