China's Commerce Minister To Address Concern About EV Subsidies in Paris Talks

China’s EV talks: China's Commerce Minister, Wang Wentao, is slated to embark on a journey to Paris, aiming to engage in crucial discussions concerning China's burgeoning export of affordable electric vehicles (EVs) into European market.

With four insider sources disclosing to Reuters in late March, agenda of Wang's visit will primarily focus on dressing European Commission's investigation into potential unfair subsidies benefiting China's EV industry. This investigation has raised significant concerns about influx of Chinese EVs into European market and its potential impact on competitiveness of European automakers striving to produce cost-effective electric vehicles.

European Commission's estimations that China's EV market share in Europe could rise to 15 per cent by 2025 have furr highlighted urgency of resolving se tre-related issues. China's stance, refuting claims that its EV industry's success hinges solely on subsidies, has prompted rigorous scrutiny from EU regarding fair tre practices.

Wang's itinerary includes pivotal meetings with Renault's CEO, Luca de Meo, who also chairs European Automobile Manufacturers' Association (ACEA), underscoring gravity of discussions surrounding EV subsidy investigation.

Furrmore, Wang's visit is notably significant against backdrop of China's retaliatory move to launch an investigation into European brandy exports, symbolizing complex interplay of tre dynamics between China and EU.

Following his engagements in Paris, Wang is poised to participate in a China-Italy business forum in Verona alongside Italy's Foreign Minister Antonio Tajani, highlighting China's multifaceted diplomatic and economic engagements in Europe.

outcome of Wang's visit holds substantial implications for tre relations between China and Europe, with both parties endeavouring to dress concerns over tre imbalances while fostering mutual cooperation and economic stability.

With Reuter's inputs