China rebukes EU after formal launch of EV subsidy probe

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BRUSSELS: China voiced dissatisfaction on Wednesday (Oct 4) at a demand by the European Union to engage within a 'very short' time in consultations on the bloc's inquiry into subsidies for electr

A car miniature and EU and Chinese flags are seen in this illustration taken on Sep 26, 2023. BRUSSELS: China voiced dissatisfaction on Wednesday at a demand by the European Union to engage within a"very short" time in consultations on

The Chinese side had not been given adequate consultation materials, it said, and would pay close attention to the Commission's investigative procedures so as to safeguard the rights and interests of its firms. The formal launch of the EU investigation came with an announcement in the bloc's official journal, which said China had been invited for consultations, although it did not give a timeframe.

It enumerated these as being in the form of grants, loans from state-owned banks on preferential terms, tax cuts, rebates and exemptions and state provision of goods or services, such as raw materials and components, at less than adequate prices.

 

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