The European Commission announced yesterday the introduction of protective duties on electric cars from China. The reason was reportedly unfair state support for Chinese manufacturers. Because of this, Chinese cars have a competitive advantage over products from other countries, particularly European ones.
Cui Dongshu, secretary general of the China Passenger Car Association, said in response that Chinese companies intend to continue their expansion into Europe and integrate into local markets.
Cui also emphasised that Chinese companies will not deprive Europeans of jobs in the automotive industry. "The traditional carmaking industry plays a big part in generating employment in Europe… Chinese firms won’t take aggressive measures or low-pricing moves to disrupt the stability of employment in Europe." he said.
The latest statistics show a 4 per cent year-on-year decline in exports of battery cars and plug-in hybrids from China as of May, down 18.8 per cent from April. New energy vehicles now account for 24.8 per cent of China's auto exports, up from 31.6 per cent last year.
Meanwhile, China's sales data shows a mixed trend, with total vehicle sales totalling 1.72 million units in May, down 2.2 per cent year-on-year and 5.8 per cent from April. However, the new-energy vehicle sector is growing, with its overall share rising to 46.7 per cent. Meanwhile, sales of battery cars rose 27.4 per cent and hybrid cars rose 61.1 per cent.
Source: Reuters
