China's Electric Vehicle Companies Not Dependent on Subsidies, Says Commerce Minister

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China's Electric Vehicle Companies Not Dependent on Subsidies, Says Commerce Minister
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China's Commerce Minister Wang Wentao stated that Chinese electric vehicle companies do not rely on subsidies for competitive advantage. He also dismissed accusations of China's 'overcapacity' by the United States and Europe. Wang made these remarks at a roundtable meeting in Paris, where discussions on China's exports of electric vehicles into the European market are expected.

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China's electric vehicle companies do not rely on subsidies to gain a competitive advantage, according to Commerce Minister Wang Wentao. He also dismissed accusations of China's 'overcapacity' by the United States and Europe.

Wang made these remarks at a roundtable meeting of Chinese firms in Paris, where discussions on China's exports of electric vehicles into the European market are expected.

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