Trade tensions: Beijing strongly condemns the new European industrial law targeting electric vehicles
Trade tensions: Beijing strongly condemns the new European industrial law targeting electric vehicles

The body representing China's automotive industry has expressed strong opposition to the new European law on industrial acceleration, accusing Brussels of discriminatory measures targeting foreign companies. This stance illustrates the rising trade tensions between China and the European Union, particularly in the strategic sectors of electric vehicles and batteries.

The China Association of Automobile Manufacturers (CAAM) expressed its "deep concern, profound dissatisfaction, and firm opposition" to the proposed legislation on Friday. According to the association, certain provisions of the European law would unfairly penalize non-European companies operating in the EU market.

The CAAM also called on European authorities to "carefully assess the impact of the relevant provisions on China-EU industrial cooperation," highlighting the risks this policy could pose to industrial exchanges between the two regions.

This reaction comes amid increased competition in the electric vehicle sector, where Chinese manufacturers have significantly strengthened their presence in international markets in recent years. Europe, for its part, is seeking to support its own industry in the face of this growing strength.

According to Beijing, the measures envisaged by the European Union risk further fragmenting global value chains and hindering cross-investment in key sectors such as batteries, which are considered strategic for the energy transition.

This new tension comes on top of a series of recent economic disputes between China and the European Union, which are nevertheless trying to maintain a stable trade dialogue despite their growing disagreements over industrial and environmental policies.

Community

Comments

Comments are open, but protected against spam. Initial posts and comments containing links undergo manual review.

Be the first to comment on this article.

Respond to this article

Comments are moderated. Promotional messages, automated emails, and abusive links are blocked.

Your first comment, or any message containing a link, may be placed pending approval.