Reported 11 months ago
The Chinese foreign ministry stated that China does not utilize subsidies for electric vehicles that are banned by the World Trade Organization, emphasizing that their new energy products, including EVs, are popular in the international market due to market laws and comparative advantages. In response to U.S. President Biden's concerns about Chinese subsidies flooding the U.S. market with EVs, China's spokesperson Mao Ning highlighted that subsidies do not determine industrial competitiveness, reiterating that China's new energy products result from enterprises' efforts rather than government subsidies, with limited EV exports of 13,000 to the U.S. in the previous year.
Source: YAHOO