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PARIS/SHANGHAI (Reuters) – China’s commerce minister is scheduled to visit Europe in April to discuss a European Commission investigation into whether China’s electric vehicle industry is benefiting from unfair subsidies. Four people briefed on the plan told Reuters.
Wang Wentao plans to visit France, a French government official and two people familiar with the trip told Reuters. The French Trade Ministry and the European Commission did not respond to requests for comment.
The European Commission has launched an investigation to determine whether to impose tariffs on exports to protect European car manufacturers. The deal is expected to be concluded by November, but the EU executive may impose interim tariffs sooner.
China’s Ministry of Commerce did not respond to Reuters’ request for comment.
The European Commission said China’s share of EVs sold in Europe could reach 15% of the market by 2025, based on price discounts compared to European battery-powered vehicles. .
China has disputed claims that its EV industry has boomed thanks to subsidies and called the EU investigation “protectionist”. Analysts say factors such as China’s dominance in the battery supply chain, technological innovation and fierce competition in its crowded domestic market are also driving down prices.
(Reporting by Lee Thomas in Paris, Zhang Yang in Shanghai and Anne-Marie Roantry in Hong Kong; Gilles Guillaume, Mimosa Spencer and Michelle Rose in Paris, Emma Rumney in London, Julia Payne in Brussels and Milan (Additional reporting by Giulio Pivaccari; Writing by Kevin Krolicki; Editing by Josephine Mason and Barbara Lewis)
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