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

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 9 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 53%

Business News

China,Electric Vehicle,Subsidies

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.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines