Spokesperson of the Ministry of Commerce Answers Questions on the Consensus Reached in China-EU Consultations on Hybrid and Electric Vehicles

Zhito Finance APP has learned that, in response to a reporter's question on the consensus reached in China-EU consultations on hybrid vehicles and electric vehicles, the spokesperson of the Ministry of Commerce stated that China and the EU have maintained continuous dialogue under the trade and investment consultation mechanism and reached consensus on multiple outcomes, which is conducive to maintaining a stable and balanced key trade partnership between China and the EU. In accordance with the principles of mutual respect and equal consultation, the two sides conducted intensive consultations on trade in hybrid vehicles and electric vehicles, balancing the handling of economic and trade differences and each other's concerns. Regarding electric vehicles, China and the EU achieved a "soft landing" in the anti-subsidy case in January this year, and the European side issued general guidance documents on price undertakings. In this regard, the European side will continue to advance the procedures related to corporate price undertakings in the electric vehicle case, as well as other review procedures.