Great Wall Motor responds to EU anti-subsidy probe and calls for fair trade" title="Great Wall Motor responds to EU anti-subsidy probe and calls for fair trade" />

Attention, viewers. In a major development, China’s Great Wall Motor has become the first electric vehicle maker to respond to the European Commission’s anti-subsidy investigation. The company has called for a fair and open trading environment amid rising tensions between China and the EU. The investigation, launched by Brussels, aims to determine whether tariff barriers should be imposed on Chinese-made electric vehicles that allegedly benefit from state subsidies.

Great Wall Motor, showing confidence in its global competitiveness, has submitted its answers to the European Commission. The company’s president, Mu Feng, emphasized the need for fair trade and expressed optimism about winning the competition on a global scale. Europe is of strategic importance to Great Wall Motor, and the company is actively seeking site selection for a new plant in the region, envisioning a full range of operations from production to sales.

The Chinese carmaker has expressed concerns about the narrow consultation period of the investigation set by the EU. It argues that the term lacks sufficient evidence and does not comply with World Trade Organization (WTO) regulations. Meanwhile, European automakers are scrambling to catch up with China’s dominance in producing affordable electric vehicles.

In the first nine months of this year, Great Wall Motor ranked eighth in terms of pure electric and plug-in hybrid car sales in China. As Chinese manufacturers such as BYD, Xpeng and Nio consider global expansion, competition in the electric vehicle market is intensifying.

This development highlights the complexities of international trade and the challenges the automotive industry faces in navigating evolving regulatory landscapes. Stay tuned as we follow new developments in this ongoing research and its potential impact on the global electric vehicle market.

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