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EU urgent? President of the European Commission: will launch a countervailing investigation on Chinese electric vehicles!
Sep 16,2023
The rapid development of China's electric vehicle industry "stings" the "nerves" of Europe ".
On the 13th, according to information disclosed on the official website of the European Commission, European Commission President von der Leyen (von der Leyen) said in his fourth "State of the Union address" to the European Parliament that the European Commission will launch a countervailing investigation into electric vehicles imported from China.
China's rapid development of electric vehicles
Recently, the 2023 Munich International Auto Show was held in Germany. The Munich Motor Show, known as the "Olympic Games" of the world's automobile industry, has always been the vane of the development of the world's automobile industry.
At this auto show, dozens of new energy car companies from China "collectively went to sea", which is the country with the largest number of exhibitors except the host Germany, which has attracted great attention from the global media.
For a long time, Europe has been a "battleground" for Chinese car companies to go out to sea. According to the data of the International Energy Agency, Europe is the new energy vehicle market with the second largest penetration rate of electric vehicles in the world after China. As the most stringent and competitive automobile market in the world, it is undoubtedly a good touchstone for Chinese car companies.
According to data released by the General Administration of Customs, in the first quarter of this year, my country surpassed Japan to become the world's largest automobile exporter, with exports reaching 1.07 million vehicles, a year-on-year increase of 58.1 percent.
Among them, 248000 new energy vehicles were exported, an increase of 1.1 times over the same period last year; from January to July this year, China exported 2.778 million vehicles, an increase of 74 percent over the same period last year, with exports reaching US $55.2 billion billion, an increase of 103.6 percent.
Measures to be implemented within 13 months
According to reports, von der Leyen said in his speech, "the global electric vehicle market is full of affordable Chinese cars, and their prices are low because they have received huge state subsidies, which are distorting our market." At the same time, von der Leyen also stressed, "We must keep a clear mind about the risks we face."
In his speech, von der Leyen also mentioned the importance of electric vehicles to the EU's ambitious environmental goals. "Electric vehicles are related to our environmental economy and have huge potential in Europe. Therefore, Europe is open to competition for electric vehicles, but does not accept 'downward competition '." Von der Leyen said.
According to the European Commission, the anti-subsidy investigation must be implemented within 13 months of its initiation. Interim measures must be implemented no later than nine months, and final measures will be implemented within the following four months, if permitted by law.
At the just-concluded 2023 Munich Auto Show, the number of Chinese companies participating in the exhibition was nearly twice that of 2021. The "anti-customer" of Chinese car companies at the 2023 Munich Auto Show may make the EU determined.
EU-China Chamber of Commerce expresses opposition
The European Chamber of Commerce in China immediately expressed high concern and opposition to the European Commission's decision and urged the European side to take an objective view of the development of China's electric vehicle industry.
China's electric vehicles and upstream and downstream industrial chain companies continue to innovate, and have accumulated overall industrial advantages in the fierce Chinese local market, providing consumers with high-end, cost-effective electric vehicles that can meet different needs. This advantage is not based on The so-called huge subsidies are formed.
The EU-China Chamber of Commerce stated that China's electric vehicle industry chain has a good cooperative relationship with the European and even global automotive industry chain. Behind each electric vehicle is the efforts of tens of thousands of suppliers, large and small, around the world.
The EU should take an objective view of the development of China's electric vehicle industry, rather than arbitrarily using unilateral economic and trade tools to prevent or increase the development and operating costs of Chinese electric vehicle products in Europe.
The opening of the European market should be reflected in concrete actions and should provide a fair, just and non-discriminatory business environment for foreign enterprises. A market exclusion based solely on the source of the product would be contrary to the EU's WTO commitments.
There are still differences within the EU.
It is worth mentioning that there are still differences within the EU or on how to deal with China's imports of electric vehicles.
The attitude of France, an important member of the European Union, may have had a profound impact on the development of the whole event. According to reports, French Finance Minister Le Maire said that the investigation of Chinese electric vehicles will help boost local electric vehicles and avoid using French public funds to fund foreign electric vehicles.
But German officials warned that countermeasures could hurt exports to China and make life harder for European companies that invest heavily in China.
A German auto industry executive said: "(We) would rather not (restrictive measures), which may bring unnecessary consequences to the trade relations between EU countries and the Chinese market."
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