Amid foreign media speculation surrounding the specifics of Sino-European trade arrangements for hybrid vehicles, the Chinese side clarified that, within the framework of the trade and investment consultation mechanism, China and Europe have held in-depth discussions on hybrid and electric vehicle trade. These consultations were conducted in accordance with the principles of mutual respect and equal-footed negotiation. Through these efforts, both sides have effectively addressed differences and concerns in a balanced manner, achieving consensus on several key outcomes.
Both parties have affirmed that hybrid vehicle trade should be guided by three core principles: adherence to facts, non-discrimination, and regulatory compliance. These principles are designed to protect the legitimate rights and interests of Chinese enterprises. Furthermore, the electric vehicle anti-subsidy investigation has reached a "soft landing," with the European side committing to continue progressing relevant procedures in a measured way. These consensus outcomes not only safeguard the interests of Chinese companies but also prevent the escalation of trade frictions, offering robust assurance for the steady growth of Sino-European economic and trade relations.
