BMW Group: EU needs to reconcile with China to prevent trade conflicts

A few days ago, we learned from the BMW Group official that in response to the "voting on the final ruling of the EU's anti-subsidy investigation against China's electric vehicles", the BMW Group issued a statement stating that the voting results on October 4 are a big deal for the European automotive industry. An important signal concerning the fate of the industry. What is needed now is a swift rapprochement between the European Commission and China to prevent a trade conflict that benefits no one. The fact that Germany voted against increasing tariffs is an important signal and increases the chances of a negotiated solution to the problem.

The EU's approach of imposing additional tariffs on Chinese electric vehicles is completely unworkable. Doing so will not only fail to improve the competitiveness of European car manufacturers, but may harm those companies that are actively doing business on a global scale. Moreover, the imposition of additional tariffs will also limit the supply of electric vehicles to European consumers, thereby delaying the low-carbon development of the European transportation industry. In addition, this approach also seriously undermines the free trade principle that the EU has always advocated.

On the 4th local time, the European Union held a vote on whether to impose a five-year countervailing duty on Chinese electric vehicles. A statement released by the European Commission shows that the European Commission's proposal to impose tariffs on imported pure electric vehicles from China received the necessary support from EU member states during the vote.

In response to a reporter's question on the EU's vote to pass the final draft of the anti-subsidy case for electric vehicles, a spokesperson for the Chinese Ministry of Commerce said that China's position is consistent and clear, and China firmly opposes the EU China's unfair, non-compliant and unreasonable protectionist practices in this case, and it firmly opposes the EU's imposition of countervailing duties on Chinese electric vehicles.