China’s Commerce Minister, Wang Wentao, has refuted claims that government subsidies are the sole reason behind the country’s booming electric vehicle industry. During a roundtable discussion in Paris, Wang emphasized “constant innovation” as the key driver of success, echoing comments made by leading Chinese EV manufacturer BYD.
Innovation Vs. Overcapacity: Wang made these comments during a discussion in Paris, which included representatives from over 10 Chinese companies, such as EV manufacturers Geely and BYD, and EV battery maker CATL, reported CNBC.
His remarks also come amidst rising international scrutiny of China’s EV industry. He addressed concerns about “overcapacity” raised by the U.S. and Europe, attributing China’s EV dominance to a “robust supply chain network” and healthy “market competition.”
He also highlighted the Chinese EV industry’s “important contribution to the global response to climate change as well as green and low-carbon transformation.”
The …
Full story available on Benzinga.com
China’s Commerce Minister, Wang Wentao, has refuted claims that government subsidies are the sole reason behind the country’s booming electric vehicle industry. During a roundtable discussion in Paris, Wang emphasized “constant innovation” as the key driver of success, echoing comments made by leading Chinese EV manufacturer BYD.
Innovation Vs. Overcapacity: Wang made these comments during a discussion in Paris, which included representatives from over 10 Chinese companies, such as EV manufacturers Geely and BYD, and EV battery maker CATL, reported CNBC.
His remarks also come amidst rising international scrutiny of China’s EV industry. He addressed concerns about “overcapacity” raised by the U.S. and Europe, attributing China’s EV dominance to a “robust supply chain network” and healthy “market competition.”
He also highlighted the Chinese EV industry’s “important contribution to the global response to climate change as well as green and low-carbon transformation.”
The …
Full story available on Benzinga.com
China’s Commerce Minister, Wang Wentao, has refuted claims that government subsidies are the sole reason behind the country’s booming electric vehicle industry. During a roundtable discussion in Paris, Wang emphasized “constant innovation” as the key driver of success, echoing comments made by leading Chinese EV manufacturer BYD.
Innovation Vs. Overcapacity: Wang made these comments during a discussion in Paris, which included representatives from over 10 Chinese companies, such as EV manufacturers Geely and BYD, and EV battery maker CATL, reported CNBC.
His remarks also come amidst rising international scrutiny of China’s EV industry. He addressed concerns about “overcapacity” raised by the U.S. and Europe, attributing China’s EV dominance to a “robust supply chain network” and healthy “market competition.”
He also highlighted the Chinese EV industry’s “important contribution to the global response to climate change as well as green and low-carbon transformation.”
See Also: Tesla CEO Elon Musk Disagrees With Nvidia’s Jensen Huang That Anyone Can Make Their Own Neural Network: ‘It’s Insanely Hard’
The …Full story available on Benzinga.com Read MoreAsia, China, electric vehicles, EVs, Janet Yellen, Kaustubh Bagalkote, mobility, News, TSLA, Wang Wentao, Politics, Global, Top Stories, Markets, Tech, Media, TSLA, US88160R1014, News, Asia, Politics, Global, Top Stories, Markets, Tech, Media, Benzinga Asia
