China urges France to get EU to arrive at palatable EV trade solution

China urges France to get EU to arrive at palatable EV trade solution


European leaders have struggled to formulate a unified Sino-European strategy, with some states echoing U.S. calls for a complete disassociation — or decoupling — while others have preferred a softer, derisking approach.

Thomas Trutschel | Photothek | Getty Images

China has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing’s commerce ministry said on Monday, citing its minister.

Wang Wentao, in a meeting with French junior trade minister Sophie Primas in Shanghai on Sunday, reiterated the European Union’s investigation into China’s EVs is a major concern and has “seriously hindered” China-EU auto industry cooperation.

The EU launched an anti-subsidy investigation into imports of Chinese-made battery EVs last year and in October voted for tariffs on those vehicles. China in the past year has launched its own investigations into European pork and dairy, and imposed temporary anti-dumping measures on imports of brandy from the EU early this month.

The lack of tariffs on plug-in hybrid EVs in Europe adds momentum for BYD's sales: Analyst

Primas is on a three-day visit to challenge China over its import duties on brandy, which Paris calls political and unjustified, Reuters reported last week.

Wang told Primas China’s trade remedy investigations on EU brandy, pork and dairy products were in accordance with the domestic industry’s applications and complied with the World Trade Organization rules, “unlike the EU” which was “rash” in launching its EV probe.

“China will continue to conduct investigations in strict accordance with the law, safeguard the legitimate rights of enterprises of EU member states, including France, and make rulings based on facts and evidence,” the ministry statement cited Wang as saying.

But he said China is willing to work with the European Commission towards a “proper solution” as well, without elaborating.

China opened an anti-subsidy probe into imported EU dairy products in August and an investigation focusing on pork intended for human consumption in June.



Source

Stocks making the biggest moves midday: Walt Disney, Sweetgreen, Cisco, Planet Fitness and more
World

Stocks making the biggest moves midday: Walt Disney, Sweetgreen, Cisco, Planet Fitness and more

Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually. […]

Read More
Musk’s xAI raises  billion in latest funding round
World

Musk’s xAI raises $15 billion in latest funding round

Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s artificial intelligence company xAI has raised $15 billion from investors, sources familiar with the matter told CNBC’s David Faber. The funding adds another $5 billion […]

Read More
Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day
World

Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day

Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than […]

Read More