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Great Wall Motors actively responded to the EU anti-subsidy investigation and took the lead in submitting materials

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Release: 2023-10-23 19:53:04
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News on October 23, Great Wall Motors President Mu Feng issued a statement on his official Weibo today, announcing an active response to the EU’s anti-subsidy investigation and taking the lead in submitting relevant response materials on the 11th of this month. This action demonstrates Great Wall Motor's determination to develop globally and emphasizes the company's long-termism and ecological overseas strategy. Mu Feng said that although Chinese automobiles may encounter some bumps in the development of overseas markets, Great Wall Motors will remain steadfast and accelerate the process of globalization.

According to the editor, BYD Executive Vice President Li Ke also expressed similar confidence before, saying that despite the EU launching a countervailing investigation into Chinese electric vehicles, BYD will continue to promote strong growth in the European market . This positive attitude resonates with Chinese automakers.

Great Wall Motors actively responded to the EU anti-subsidy investigation and took the lead in submitting materials

At the same time, the CEOs of Volkswagen and Porsche also expressed their views on the EU’s anti-subsidy investigation earlier this month, emphasizing that they hope that local politicians will respond to Chinese electric vehicles. "Pay attention to proportion" when conducting anti-subsidy investigations, and put forward the view of paying more attention to creating competitive industrial framework conditions. This shows that these automobile giants are confident in their own strength and believe that only by becoming stronger can they not be afraid of competition from abroad.

Previously, European Commission President von der Leyen announced that the EU had launched an investigation into the subsidies provided by the Chinese government to electric vehicle manufacturers to assess whether tariffs and other measures are needed to protect the European market from Chinese state subsidies. Violation of local electric vehicle manufacturers. This investigation has attracted widespread attention from the global auto industry, but Chinese automakers seem to have responded proactively and shown their determination to deal with the challenge.

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source:itbear.com
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