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China says US, Europe accusations of 'overcapacity' are groundless
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China says US, Europe accusations of 'overcapacity' are groundless
Apr 7, 2024 5:21 PM

BEIJING, April 8 (Reuters) - China's electric vehicle

companies do not rely on subsidies to gain a competitive

advantage, Commerce Minister Wang Wentao said in a roundtable

discussion in Paris on Sunday.

Wang also said that accuations by the United States and

Europe of China's "overcapacity" are groundless, according to a

statement from the commerce ministry on Monday.

Wang made the remarks at a roundtable meeting of Chinese

firms, where he is set for talks that are expected to cover

China's exports of electric vehicles into the European market.

Representatives of more than 10 enterprises such as Geely

, BYD and CATL attended the

meeting.

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