During a visit in Paris, China's Commerce Minister Wang Wentao addressed concerns regarding the country's electric vehicle (EV) sector. Wang stated that Chinese EV companies do not rely on subsidies to gain a competitive edge but instead focus on continuous technological innovation, a well-established supply chain, and market competition. He also denounced accusations from the United States and Europe of overcapacity in China's EV market as 'groundless'. These statements come amid scrutiny and probes by the EU into subsidies for the electric vehicle sector.
Well, that's BS. If it was true, they should open up their market. They aren't. China says innovations, not subsidies, are powering EV edge as Yellen raises 'overcapacity' concerns https://t.co/1vMGySjh4i
#Chinese Commerce Minister Wang Wentao refuted accusations of #EV overcapacity, said Chinese EV makers do not rely on subsidies to gain competitive advantage https://t.co/pISEkj09bo
#China says its #EV firms do not rely on #subsidies to gain competitive advantage https://t.co/hp1t1ZckLd
China’s automakers’ fast growth in electric cars follows innovation amid tough competition, the nation’s commerce minister says during a visit in Paris, rejecting the EU’s probe into subsidies for the sector https://t.co/2rxRHGU2mv
🇨🇳🇺🇸🇪🇺#China’s Minister of Commerce Wang Wentao slammed accusations of “overcapacity” by the U.S. and Europe, saying they are “groundless,” and said that the speedy rise of the country’s electric vehicle firms was not because of subsidies, but due to “constant innovations”,… https://t.co/USBAVCCtJO
Chinese #ElectricVehicle (EV) manufacturers' rapid development is a result of constant tech innovations, well-established supply chain system and market competition, not subsidies. The US and Europe's accusations of "overcapacity" are groundless, Chinese commerce minister Wang… https://t.co/LpaD9ekLJA
Commerce Minister Wang Wentao in Paris: "China's electric vehicle companies rely on continuous technological innovation…for rapid development, not relying on subsidies…The United States and Europe and other accusations of 'overcapacity' are groundless." https://t.co/nWmNAGwNlO
#China's #EV makers don't rely on subsidies to get competitive advantage; US, Europe accusations of overcapacity groundless, said Commerce Minister Wang Wentao in Paris https://t.co/haGgRmRP6L
CHINA COMMERCE MINISTER: CHINA'S ELECTRIC VEHICLE COMPANIES DO NOT RELY ON SUBSIDIES TO GAIN COMPETITIVE ADVANTAGE CHINA COMMERCE MINISTER: THE UNITED STATES AND EUROPE, AND OTHER ACCUSATIONS OF 'OVERCAPACITY' ARE GROUNDLESS CHINA COMMERCE MINISTER: THE CHINESE GOVERNMENT WILL…
CHINA COMMERCE MINISTER: CHINA'S ELECTRIC VEHICLE COMPANIES DO NOT RELY ON SUBSIDIES TO GAIN COMPETITIVE ADVANTAGE
🔴 CHINA'S COMMERCE MINISTER DENOUNCES "GROUNDLESS" ACCUSATIONS OF OVERCAPACITY FROM THE UNITED STATES AND EUROPE
🔴 CHINA COMMERCE MINISTER STATES: ELECTRIC VEHICLE COMPANIES IN CHINA DO NOT RELY ON SUBSIDIES TO GAIN COMPETITIVE ADVANTAGE