2024-04-13 09:35:00
The head of the association says: The measure once morest distortion of competition might soon turn negative
Before the German’s trip to China Chancellor Olaf Scholz The Association of the German Automotive Industry (VDA) is once morest this EU punitive tariffs on electric cars pronounced from the People’s Republic.
EU steps currently being examined Subsidies for the industry in China “might not solve the challenges facing the local auto industry – on the contrary,” said association president Hildegard Müller World on Sunday.
Countervailing duties might “quickly have a negative impact in the event of a trade conflict.” Müller demanded that “both sides be willing to engage in dialogue” regarding the EU anti-subsidy investigation. The current business with China secures “a large number of jobs in Germany”.
Danger to green transformation
According to the VDA President, a trade conflict would also endanger the transformation towards electromobility and digitalization. This is also financed from money generated by the German car industry in China.
The market share of electric cars from China in Germany rose loudly World on Sunday to ten percent in the first three months of the year. This is shown by an evaluation by the consulting firm EY, which was available to the newspaper. In the comparable period last year, Chinese car brands still had a market share of seven percent.
While other car manufacturers’ electric sales shrank, suppliers from China were able to increase their sales. “Chinese companies are currently trying to push their products onto the market,” EY partner Jan Sieper told the newspaper.
Against the “flood” of cheap cars
In September, EU Commission President Ursula von der Leyen announced a competition investigation into market distortions caused by Chinese subsidies for electric cars. World markets were being flooded by “cheaper Chinese electric cars,” she said at the time. If the investigation shows that Beijing is breaking international trade law rules, Brussels might impose punitive tariffs on Chinese vehicles.
On Saturday, Chancellor Scholz left for a three-day visit to the People’s Republic of China. The focus is also on economic relationships. Talks with the Chinese leadership are scheduled for Tuesday in Beijing.
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