Despite the questioning and opposition from various sectors in China and Europe regarding the EU's anti subsidy investigation into electric vehicles, on October 29, 2024, the European Commission still issued the "Implementation Regulation on Imposing Final Anti subsidy Tax on New Pure Electric Passenger Vehicles Originating in China", deciding to impose an additional anti subsidy tax of 7.8% -35.3% on pure electric vehicles imported from China, which will be implemented on October 30 local time. This final ruling is not objective and extremely unfair to Chinese automotive companies. The China Association of Automobile Manufacturers (CAAM) disagrees and finds it unacceptable.

This anti subsidy investigation is a typical trade protectionism behavior disguised as compliance. Imposing tariffs not only violates the basic principles of free trade and fair competition, but also hinders cooperation between China and Europe in the automotive industry and the green and low-carbon transformation.

The Chinese automotive industry firmly supports and backs the Chinese government's litigation under the WTO dispute settlement mechanism to safeguard the legitimate rights and interests of Chinese enterprises. I hope that both China and Europe can continue to engage in further dialogue and consultations from the perspective of industrial cooperation, jointly maintain the stability and smoothness of the global automotive industry chain and supply chain, promote the continuous deepening of cooperation in the automotive industry between China and Europe, and achieve mutual benefit and win-win results.