Fast Technology News on October 30, despite the EU's anti-subsidy investigation into electric vehicles in China being questioned and opposed by all walks of life in China and Europe, on October 29, 2024, the European Commission still issued regulations on the "imposition of final countervailing duties on new pure electric passenger cars originating in China".

It was decided to impose an additional countervailing duty of 7.8% to 35.3% on pure electric vehicles imported from China, which will be implemented on October 30 local time.

This final ruling is not objective and extremely unfair to Chinese automobile companies, and the China Association of Automobile Manufacturers expresses disagreement and unacceptability.

This anti-subsidy investigation is a typical case of trade protectionism disguised as compliance.

Imposing tariffs not only violates the basic principles of fair competition in free trade but is also detrimental to China-EU automotive industry cooperation and green and low-carbon transformation.

The Chinese automotive industry firmly supports and endorses the Chinese government's litigation under the WTO dispute settlement mechanism to safeguard the legitimate rights and interests of Chinese enterprises.

It is hoped that both China and the EU will proceed from the overall situation of industrial cooperation, continue to carry out further dialogue and consultation, jointly maintain the stability and smooth flow of the global automotive industry supply chain, promote the continuous deepening of China-EU automotive industry cooperation, and achieve mutual benefit and win-win results.