HONG KONG (AP) — China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying Thursday that it is a “protectionist” act aimed at distorting the supply chain. The EU announced Wednesday it will probe government subsidies provided to Chinese automakers that the EU contends keep EV prices artificially low. China has become the biggest market for electric vehicles after investing billions in subsidies to gain an edge. Automakers
HONG KONG — China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying Thursday that it is a “protectionist” act aimed at distorting the supply chain.
“What I want to emphasize is that the investigation measure that the European Union plans to take is to protect its own industry in the name of fair competition," Commerce Ministry spokesperson He Yadong said at a briefing in Beijing. In a statement, the ministry urged the EU to create a “fair, non-discriminatory and predictable” market environment.
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