Subsidies not reason for Chinese EVs competitive advantage: minister -Xinhua

Subsidies not reason for Chinese EVs competitive advantage: minister

Source: Xinhua

Editor: huaxia

2024-04-08 09:18:16

PARIS, April 8 (Xinhua) -- Wang Wentao, Minister of Commerce of China, said here Sunday that Chinese electric vehicle manufacturers' rapid development is a result of constant tech innovations, well-established supply chain system and market competition, not subsidies.

The accusations of "overcapacity" by the United States and Europe are groundless, he said.