China’s electric vehicle companies do not rely on subsidies to gain a competitive advantage and accusations by the US and Europe of “overcapacity” are groundless, Commerce Minister Wang Wentao said on Sunday in Paris.
Wang made the remarks at a roundtable meeting of Chinese firms in Paris, where he is set to discuss China’s exports of EVs into the European market among other things.
Representatives of more than 10 enterprises such as Geely , BYD and CATL attended the meeting, according to a statement from the commerce ministry on Monday.
