Current location:business >>
NEV makers encouraged to speed up overseas development
business4People have gathered around
IntroductionNEV: Chinese market seen as offering great opportunitiesChina will step up efforts to encourage its ...
NEV: Chinese market seen as offering great opportunities
China will step up efforts to encourage its new energy vehicle companies to accelerate their overseas development, said an official at the Ministry of Industry and Information Technology, warning that the restrictive measures imposed by a "certain country and region" on Chinese electric vehicles will only undermine the interests of global consumers.
The official made the remarks during an exclusive interview with China Daily after the United States announced that it would investigate Chinese-made electric cars. Last month, the European Commission started customs registration of Chinese EV imports as part of its broad probe into whether Chinese EV companies are receiving unfair subsidies.
These measures against Chinese EVs were implemented without sufficient evidence. Such practices are not only in contravention of World Trade Organization rules, they also disrupt the global automotive supply chain, the official said.
"The automotive sector is a typical globalized industry, and its healthy development cannot be separated from the division of labor and cooperation in the global industrial chain," the official said.
According to the ministry, China has in recent years cultivated the largest consumer base for new energy vehicles. "China has also supplied the international community with cost-effective, diverse and reliable NEV raw materials and components, injecting strong impetus into the development of the global NEV industry," the official said.
China has been the world's largest NEV market for nine consecutive years. Data from the Ministry of Public Security shows that by 2023, the number of NEVs in use in the country reached 20.41 million, accounting for about 6 percent of all cars in use. This has offered both Chinese and foreign automobile companies abundant business opportunities, experts said.
Tao Lin, vice-president of Tesla, said the US electric vehicle maker's rapid growth in China over the past decade cannot be separated from the country's policy support and favorable business environment.
With unmatched advantages and vast prospects compared with other global markets, China is a "must-have" market for the US company, she added.
In sharp contrast to China's openness toward foreign EV companies, some countries and regions have adopted a hostile attitude toward Chinese NEV makers, accusing them of relying on unfair subsidies without verifiable evidence, experts said.
Wei Jianguo, former vice-minister of commerce, said that such accusations are groundless. The rapid development of Chinese EV companies is built on continuous technological innovation, a well-established supply chain and market competition, he added.
Ding Yuqian, head of China Autos Research at HSBC Qianhai Securities Ltd, said that China has the world's most competitive EV battery supply chain.
Noting that the most expensive single element of an EV is its battery, she said that carmakers in China have access to high-quality batteries produced at a relative cost advantage, with manufacturers continuously improving the technology.
The official from the Ministry of Industry and Information Technology said the ministry will strengthen high-level, open cooperation in the NEV sector with other countries to ensure China's technological innovation benefits people worldwide.
The ministry will enhance policy guidance and support for enterprises to accelerate their overseas development tailored to local conditions, and help optimize the international logistics system to strengthen services such as railway and maritime transportation, the official said.
It will also ratchet up efforts to align domestic and foreign standards and regulations in NEVs, and promote the establishment of mutually recognized carbon emission and footprint accounting rules to create a more favorable business environment for all NEV makers, the official added.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Glance news portal”。http://trinidadandtobago.spaceforanything.com/html-7e499954.html
Related articles
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
businessPHOENIX (AP) — The nonpartisan Commission on Presidential Debates, which has planned presidential fa ...
【business】
Read moreToddler's mother claims his nursery asked her if her four month old baby boy was non
businessA mother has claimed a nursery asked her if her four-month-old baby boy was non-binary.The parent wa ...
【business】
Read moreNathan MacKinnon races to career season, looks to power Colorado Avalanche on another title run
businessDENVER (AP) — Nathan MacKinnon is so quick and so forceful on the ice that sometimes there’s a crunc ...
【business】
Read more
Popular articles
- Yvette Fielding says her Most Haunted co
- Plane passenger lifts the lid on WILD conspiracy theories surrounding Denver airport
- Clarifications and corrections
- How the US failed to stop a Cambodian monkey ‘smuggling conspiracy’ — Radio Free Asia
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- 'Callous' crook who pretended to be an 82
Latest articles
NBA playoffs: Edwards leads Wolves to 98
Pilot who died last week in Indiana plane crash was Purdue student, authorities say
Catholic officials in Brooklyn agree to an independent oversight of clergy sex abuse allegations
Massive rockfall hits luxury development site in Cornwall earmarked for seven £1m new homes
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
You could miss out on the dream of retiring to Spain
LINKS
- SWAT team pulls suspect out of car after standoff in grocery store parking lot
- Christchurch man jailed for 14 years over role in US porn videos
- Offering a chair to older colleague at work could count as age discrimination, judge rules
- Public servants want to know if management positions will be on the chopping block
- China coronavirus update: More than 88 million COVID
- ASEAN summit: Myanmar community asks Parliament to block junta representatives
- VOX POPULI: Seven years on, the Moritomo Gakuen scandal still unexplained
- Chinese hackers breached US ambassador to China's email account
- VOX POPULI: Manga artist exposes the juicy dynamics behind ‘oden’ factions
- SWAT team pulls suspect out of car after standoff in grocery store parking lot