China, EU Agree On Price Guidance For Chinese EVs
The Chinese Commerce Ministry said the European Union has agreed on providing general guidance on price undertakings for Chinese companies exporting battery electric vehicle passenger cars to the EU block..
It noted that in the spirit of mutual respect, the two sides have conducted multiple rounds of consultation in order to implement the consensus of the China-EU Summit and properly resolve the EU’s anti-subsidy case concerning Chinese BEVs.
To that end, the European Commission on Monday issued guidance on the submission of price undertaking offers, covering various aspects that should be addressed in any such offer, including the minimum import price, sales channels, cross-compensation, and future investments in the EU.
Each price undertaking offer is subject to the same legal criteria, and the commission will conduct each assessment in an objective and fair manner, following the principle of non-discrimination and in accordance with WTO rules, the commission said.
The China Chamber of Commerce to the European Union has said it welcomes the progress China and the EU have made in resolving the EV case through dialogue, noting that this will boost market confidence, improve the investment environment for Chinese EV firms in Europe, and support deepened China-EU cooperation in technological innovation and green transition.
