Geely Holding Group has released a statement expressing its welcome and support for the results of the second regular session of the China-EU trade and investment consultation mechanism. Geely commends the two sides for addressing automotive trade disputes in accordance with the principles of mutual respect and equal-footed consultation. It also endorses the three guiding principles—respecting facts, non-discrimination, and compliance—affirmed in the context of hybrid vehicle trade.

Geely holds the view that the relevant consensus is firmly rooted in trade realities, embodying reciprocity and mutual benefit. It takes into account the legitimate concerns of industries on both sides, thereby paving the way for deeper cooperation between the Chinese and European automotive sectors. Geely believes that resolving disputes through dialogue and consultation, as well as fostering development through fair competition within the framework of World Trade Organization rules, is in line with the shared interests of Chinese and European businesses and consumers alike.

The outcomes of this consultation serve to prevent the escalation of trade frictions, stabilize market expectations, and bolster the confidence of enterprises in engaging in China-EU economic and trade cooperation. Geely eagerly anticipates the steady implementation of the relevant consensus and reaffirms its commitment to open cooperation and legally compliant operations. It pledges to serve consumers through technological innovation and the delivery of high-quality products.

Furthermore, Geely will actively seek to expand exchanges and cooperation with European industry partners. Together, they will strive to maintain the stability of the automotive industry chain and supply chain, promote green development within the automotive sector, and make positive contributions to the sound development of China-EU economic and trade relations. Previously, following intensive consultations, China and the EU reached a mutual understanding on hybrid vehicle trade. The list of consensus outcomes also encompasses the two sides' continued exploration of the potential for reducing tariffs on certain goods within the framework of World Trade Organization rules.