The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (hereinafter referred to as "CCCME") has announced that constructive progress has been achieved in the dialogue and consultation between China and the European Union (EU) regarding the anti-subsidy investigation into electric vehicles. The European Commission has released the "Guidance Document on Submitting Price Undertaking Applications," which allows Chinese electric vehicle companies to submit price undertaking proposals. The European Commission has pledged to conduct an objective and impartial review of these applications from Chinese firms in a non-discriminatory manner, adhering to consistent standards. Qualified companies may opt for price undertakings as an alternative to anti-subsidy duties.

The CCCME is of the opinion that the proper resolution of this issue meets the shared aspirations of the upstream and downstream sectors of the electric vehicle industry in both China and the EU. Such a resolution will contribute to the security and stability of the relevant industrial and supply chains in both regions, preserve the overall framework of China-EU economic and trade cooperation, as well as uphold the international trade order. Following several rounds of negotiations, China and the EU have successfully achieved a "soft landing" for this case.

The CCCME extends its appreciation to the Ministry of Commerce of China for its dedication to protecting industrial interests. It will motivate and assist the companies involved in the case to leverage the outcomes of the consultations, seek export rights to the EU through price undertaking applications, and foster the robust development of industrial cooperation between China and the EU.