BEIJING: China’s commerce ministry on Thursday said negotiations with the European Union over a minimum price plan for China-made electric vehicles have restarted and would continue into next week, while urging the bloc not to talk independently with manufacturers.
The 27-member bloc approved duties of up to 45.3% in October 2024 after the European Commission began investigating whether China’s EV makers were benefiting from unfair subsidies that could lead to a supply glut in Europe.
China insists its manufacturers are simply more competitive than their European counterparts and Beijing has been urging Brussels to accept a minimum price plan in place of tariffs. Analysts say the EU is a vital market for Chinese automakers, who face shrinking margins at home due to price wars and deflation.