China’s commerce minister began a trip to Europe by telling his nation’s top carmakers that U.S. and European assertions of Chinese excess EV capacity were baseless and that innovation and “perfect” supply chains were behind their performance.
Wang Wentao held a roundtable meeting in Paris on Sunday with representatives of 10 Chinese EV firms including BYD , CATL and Geely, ahead of talks on a European probe into whether Chinese EVs have benefited from unfair subsidies.
